Market radar: June 23, 2026 to July 22, 2026
The Business Standard Defence Index is designed to track the performance of 25 key defence stocks
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 "Blueprint Bureau")
 "Representational image Photo: Shutterstock")
Representational image (Photo: Shutterstock)
The BS Defence index came under broad-based selling pressure as most of its constituent stocks declined. However, on the technical front, the index continues to trade above its key long-term support levels, highlighting that buying interest remains intact despite the recent correction.
BS Defence Index
The index stayed comfortably above the 200-day moving average (DMA), pointing that the sector's long-term uptrend remains intact despite recent volatility. As of July 22, it also reclaimed its 50-DMA
BS Defence Index
Index returns
After six months of outperformance, the index came under selling pressure, posting negative returns over the past month
Index returns
Defence Lags
The index underperformed the benchmarks over the past month, declining more than 3 per cent as the majority of its constituents lagged.
Defence Lags
BS Defence Index companies
Defence stocks corrected over the past month, with 20 of the 25 companies falling up to 30 per cent. MTAR Technologies and C2C Advanced Systems emerged as the top losers
BS Defence Index companies
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 "Blueprint Bureau")
First Published: Aug 10 2026 | 6:25 AM IST
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