Intermittent gains, immediate correctionsMovements in the defence and energy sectors have been anything but linear. Prashant Mishra, founder and CEO, Agnam Advisors, said, “Defence stocks saw an immediate sentiment-driven rally at the start of March as geopolitical tensions escalated, with another sharp spike around 6-7 March and a more pronounced move near 17 March, when the sector rose nearly 7%.” To put this into perspective, the Nifty India Defence Index returned 13.9% over the past year (1 April 2025 to 1 April 2026) excluding dividends, interests, and coupon payments.

Source: Mint April 07, 2026 12:53 UTC