Defence stocks experienced a notable rally after the Defence Acquisition Council (DAC) approved capital acquisition proposals worth ₹79,000 crore for the Armed Forces, chaired by Defence Minister Rajnath Singh. Key beneficiaries included Bharat Dynamics, BEML, and Cochin Shipyard, with shares rising over 2%. The procurement of vital systems such as the Nag Missile System Mk-II and mobile ELINT systems will significantly enhance the Indian Army’s operational capabilities. Furthermore, domestic procurement has surged to 92% in FY25, reflecting a robust move towards self-reliance in defense manufacturing. This strategic focus on indigenous production not only bolsters national security but also positions Indian defense manufacturers for long-term growth, highlighting the government’s commitment to strengthening defense capabilities and the economy.