Defence stocks surge over 1% on speculation of India-Israel defence deal

The BSE and Nifty defence indices extended their rally for a second straight session on February 26 amid heightened investor interest ahead of a potential India-Israel defence agreement. The BSE India Defence index surged 1.28% while the Nifty India Defence index was up by 1.48%. Top players, including Bharat Electronics Ltd and Hindustan Aeronautics Ltd, ended in the green.