Defence stocks have been in the spotlight in FY24 as the top performers from the pack have surged as much as 179% so far. (Source: Ace Equity). Despite this stellar rally, many can experience a decline in the near term, according to Trendlyne data. Take a look:
Fed tightening bets weigh on gold prices
Gold prices have taken a hit, influenced by rising oil rates that have sparked inflation fears and suggested further interest rate hikes may be on