Indian defense stocks witnessed a major rally during early trade on Monday following a massive infrastructure push by the central government. Investor sentiment surged after the Defence Acquisition Council (DAC) granted Acceptance of Necessity (AoN) for capital procurement proposals worth approximately ₹52,000 crore. The approvals are aimed at modernizing and bolstering the combat capabilities of the Indian Army, Navy, and Air Force.
The Indian benchmark indices, Sensex and Nifty, surrendered their early morning gains on Monday, April 20, 2026, to trade nearly flat by the afternoon...
