Indian defence stocks gain as Middle East conflict boosts arms spend

Hindustan Aeronautics

05/03/2026 06:44

** Indian defence stocks .NIFTYINDDEFENCE rise 2.29%; benchmark Nifty 50 index .NSEI up 0.48%

** Paras Defence and Space Technologies PRAF.NS up 1.8%, Bharat Electronics BAJE.NS gains 3.6%, Bharat Dynamics BARA.NS rises 2.1%, HAL HIAE.NS firms 0.7%; Mazagon Dock Shipbuilders MAZG.NS and Data Patterns DATP.NS add 5.6% each

** Shriram Wealth says defence sector likely to benefit from rising global defence spending

** U.S.-Israeli strikes against Iran, subsequent retaliatory strikes have heightened instability across Middle East, raising risk of wider regional escalation

** YTD, NIFTYINDDEFENCE gains ~6% vs NSEI's 6% drop

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))