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. These proposals, valued at approximately ₹1.10 lakh crore, will largely benefit domestic manufacturers. The Nifty India Defence index reached a record high, reflecting strong investor confidence in the sector. Analysts highlight the significant order inflow visibility and structural growth opportunities for Indian companies.

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