India's Defence Acquisition Council cleared Rs 2.12 lakh crore of capital acquisitions, with about 82% sourced from Indian industry. $HAL and $BEL rose 2%, while $PARAS, $BEML and $ASTRAMICRO gained u

What happened: Defence stocks rose after the Defence Acquisition Council cleared proposals granting Acceptance of Necessity, covering equipment for the Army, Navy and Air Force. Key numbers: Proposals worth Rs 2.12 lakh crore. HAL and BEL rose 2% each on the BSE. Paras Defence, BEML and Astra Microwave gained up to 4%. Why it matters: Bajaj Broking said the defence sector remains structurally well-positioned to benefit from military modernisation, rising localisation, a strong domestic order pipeline, exports and policy support.

Defence stocks rose after the Defence Acquisition Council cleared proposals granting Acceptance of Necessity, covering equipment for the Army, Navy and Air Force.

Bajaj Broking said the defence sector remains structurally well-positioned to benefit from military modernisation, rising localisation, a strong domestic order pipeline, exports and policy support.