US Action in Venezuela Fuels Indian Defence Stock Rally; HAL, BEL Soar

• Indian defence stocks surged following reports of US military action in Venezuela and the detention of President Nicolas Maduro.
• The Nifty India Defence Index rose nearly 2% to 7,931.35, marking its highest level in over a month.
• US President Donald Trump announced 'Operation Absolute Resolve', including airstrikes and plans to "run Venezuela" for a "sensible transition of power."
• Major defence companies like MTAR Technologies (+5%), Paras Defence (+3%), Bharat Electronics (+3%), and Hindustan Aeronautics (+2%) saw significant gains.
• Shipbuilding firms such as Cochin Shipyard and Garden Reach Shipbuilders & Engineers also experienced positive trends.

Why It Matters: Geopolitical tensions from US action in Venezuela sparked a strong rally in Indian defence stocks.