Defence stocks rally as DAC clears Rs 1.10 lakh crore acquisition proposals

Defence stocks experienced a notable surge on Tuesday following government approval for military acquisitions valued at approximately ₹1.10 lakh crore. The Nifty India Defence index reached a record high, reflecting strong investor confidence in the sector.

These proposals are expected to largely benefit domestic manufacturers. Analysts highlight the significant order inflow visibility and structural growth opportunities for Indian companies in the defence space.