Defence Stocks Rally on Trump’s Ukraine Support, Govt Boost

Indian defence stocks rose up to 3% on September 25, tracking European peers after Trump backed Ukraine’s bid to reclaim lost territory. The Nifty Defence index gained 1.6%, led by Cochin Shipyard, Mazagon Dock and GRSE.

HAL and BEL advanced, while shipping stocks surged after a ₹69,725 crore shipbuilding revival package approval.