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 government, on Saturday, May 9, 2026, announced the appointments of the next CDS and the next Chief of the Naval Staff.
Tap to read more..................
