Indian defence stocks extend selloff to fifth day
The Nifty India Defence index fell for a fifth consecutive session, down to 9,050.45, while HSBC highlighted strong earnings visibility from a multi-year defence spending cycle.
Indian defence stocks fell for a fifth straight session on Wednesday. The Nifty India Defence index dropped more than 1 percent even after HSBC pointed to strong earnings visibility from a multi-year defence spending cycle. 45 around…