The government has approved a proposal to purchase about ₹1.1 trillion worth of military materiel, with 98 per cent of procurements to be made from Indian companies.
Stocks to watch today: ICICI Bank, LIC, SBI, Dixon Tech, TCS, NMDC, JSW Steel, RVNL, Tata Motors, CG Power, BEML, among others, will be in focus today.
Religare Broking's Ajit Mishra said that the sharp decline has pushed Nifty closer to our initial downside target and support of 23,800. A break below this could extend the correction towards 23,600.
Kunal Kamble of Bonanza has recommended three breakout stocks to buy today -- BEML Ltd, Raymond Ltd, and IFCI Ltd.
Angel One analyst Osho Krishan recommends two stocks to buy today for the short term: BEML and BSE.
Given the prevailing combination of elevated crude prices, geopolitical uncertainty and weak market momentum, we recommend maintaining a cautious, stock-specific approach.
Nifty India Defence index hit a new high of 9,912.75, gaining 1% in Monday's intra-day deals. The index quoted higher for the fourth straight trading day.
Tata Motors, Petronet LNG, Apollo Hospitals, IRCTC among companies set to announce Q1FY27 results today.
At 12:41 PM on Thursday, the Nifty India Defence index was the top gainer among thematic indices up 2.6% at 9,641.
BEML is ramping up R&D to develop indigenous technologies across rail, defence and mobility, targeting 35-40 new products and stronger aerospace capabilities
The state-owned earthmoving equipment, railway rakes, and wagon maker expects diversification across defence and mining businesses to support growth
The Nifty India Defence index hit an intra-day high of 9,093.20, up 1.3 per cent on the NSE in intra-day deals, and was inching towards its 52-week high of 9,159.55 touched on June 24, 2025.
BEML's share price was trading 3 per cent higher at ₹1,821.70, compared to the previous session's close of ₹1,768 on the NSE
Among the defence stocks, Paras Defence, Bharat Dynamics, Apollo Micro Systems, BEML, Midhani, Bharat Electronics and Astra Microwave gained between 8% and 10% in Wednesday's intra-day trade.
Cochin Shipyard, GRSE, BDL, BEML, Paras Defence, Mazagon Dock Shipbuilders and Unimech Aerospace have plunged between 40% and 51% from their respective 52-week highs.