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Defence stocks rally after India’s DAC approves AoN proposals

Defence stocks outperformed the broader market after India’s Defence Acquisition Council approved Acceptance of Necessity (AoN), or in-principle administrative approval, for various acquisition proposals.

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New Delhi, Sept. 8 -- Defence stocks were in focus on Tuesday, September 8, with several counters outperforming the broader market after the Defence Acquisition Council (DAC) approved Acceptance of Necessity (AoN), or in-principle administrative approval, for various acquisition proposals of the De…