The index is still trending upwards, though a minor dip or consolidation could lead to a breakout above 25,100, opening the way for a potential target of 25,360. Support is around 24,800-24,750, according to Nagaraj Shetti of HDFC Securities.
Defence shares gain momentum on strong production and growth outlook
Indian defence stocks surged as the government announced a record ₹1.78 lakh crore in defence production for fiscal 2026, a 15.6% increase from the previous