Defence Stocks Soar as Crucial DAC Meeting Eyes Major Deals Today

• Defence stocks are in focus today ahead of a critical Defence Acquisition Council (DAC) meeting chaired by Defence Minister Rajnath Singh.
• The DAC meeting is expected to approve several major defence deals, including emergency procurement of missiles and other weapons.
• Specific approvals may include medium-range surface-to-air missiles, a 70-kilometer range missile, Astra MkII air-to-air missiles, and the SPICE Weapon System.
• The defence sector index gained approximately 1.25%, with BEL emerging as one of Nifty's top gainers.
• Chiefs of all three armed forces will attend this last DAC meeting of the year, as reported by Aseem Manchanda of CNBC Awaaz.

Why It Matters: Defence stocks rallied on anticipation of significant procurement approvals at today's DAC meeting.