Defence stocks rally as Nifty Defence index gains 0.36% in afternoon trade

The Nifty India Defence index rose 0.36 per cent to 8,164.85 points in afternoon trading on Monday, with the indicative close at 8,166.60, up 31.38 points from the previous close of 8,135.20. The index opened at 8,148.75 and touched an intraday high of 8,185.75.

led the gainers with a 4.71 per cent surge to ₹1,421.10, emerging as the third most active stock by value with ₹173.04 crore. Astra Microwave Products climbed 2.87 per cent to ₹1,072.20, while Solar Industries gained 1.82 per cent to ₹14,131.00.

dominated trading activity with a turnover of ₹1,017.88 crore despite declining 0.99 per cent to ₹421.90. Hindustan Aeronautics contributed ₹187.11 crore in value with a marginal 0.13 per cent gain to ₹4,686.00. Mazagon Dock Shipbuilders advanced 0.65 per cent to ₹2,746.80 with ₹141.53 crore in turnover.

The sector recorded ₹2,150.74 crore in total value with 298.73 lakh shares changing hands. Thirteen stocks advanced while five declined. MTAR Technologies was the top loser, falling 3.07 per cent to ₹2,470.00.

The defence index has delivered returns of 0.46 per cent over one week, 7.21 per cent over three months, and 24.81 per cent year-to-date, reflecting sustained investor interest in the sector.

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