Defence Stocks Soar 5th Day; DAC to Clear ₹80,000 Cr Deals Amid Geopolitical Tensions

• Defence shares extended gains for a fifth straight session on December 26, driven by geopolitical tensions and an anticipated DAC meeting.
• Bharat Electronics, Paras Defence, Mtar Technologies, and Mazagon Dock Shipbuilders led the rally, with the Nifty India Defence index up 1%.
• The Rajnath Singh-led DAC is expected to approve defence deals worth ₹80,000 crore today, focusing on air defence and ISR capabilities.
• Global events like US pressure on Venezuelan oil and airstrikes in Nigeria contributed to the sector's rise.
• Expectations are high for a significant increase, possibly up to 20%, in the FY27 defence budget, as stated by Defence Secretary Rajesh Kumar Singh.

Why It Matters: Geopolitical events and major defence procurement plans fuel a strong rally in Indian defence stocks.