Defence Stocks Extend Rally Amid West Asia Tensions

Defence stocks surged for a second straight session as escalating West Asia tensions boosted investor interest. The Nifty Defence Index rose over 3%, following a 2.5% gain earlier.

Mazagon Dock and Garden Reach Shipbuilders led gains with over 6% jumps, while 17 of 18 index constituents traded higher on expectations of increased defence spending and orders.