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Defence Stocks Rise Up To 2% As India-Pak Tensions Escalate, Textiles, Banks Fall

May 09, 2025 2 min read
author Anamika Mishra, Sub Editor
As tensions between India and Pakistan intensified, Indian equity markets remained subdued on Friday, with investors shifting focus toward defence stocks amid fresh cross-border hostilities. Meanwhile, profit booking hit textile stocks, and banking shares came under pressure following overnight weakness in Indian American Depository Receipts (ADRs).Defence-related companies such as Hindustan Aeronautics, Bharat Dynamics, and Bharat Electronics gained between 1% and 2%, continuing a strong rally seen over the past month. These stocks have surged up to 12% amid growing anticipation of increased defence spending driven by rising geopolitical

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