Indian defence sector stocks surged sharply last week, gaining up to 28%, as the government’s strong focus on the sector remains unwavering. These stocks are likely to continue their upward streak as, upon resuming charge as defence minister, Rajnath Singh set a target to generate military exports worth Rs 50,000 crore annually and vowed to fast-track initiatives under ‘Make in India’ for defence production.Here’s the list of defence stock rallied up to 28% last week:
Asian stocks fall ahead of US non-farm payroll data
Shares in Australia and Japan fell more than 1% in opening trade while equity index futures for Hong Kong slipped. Drops for Japanese benchmarks reflected