Overview
- India has blamed Pakistan-based militants for the April 22 Pahalgam attack that killed 26 people, including 25 tourists.
- Retaliatory measures include suspending the Indus Waters Treaty, expelling Pakistani military advisors, and closing the Attari border post.
- Defence Minister Rajnath Singh briefed Prime Minister Narendra Modi on enhanced security preparedness in a high-level meeting.
- The Nifty Defence index posted its largest intraday gain since mid-April, with stocks like Paras Defence and GRSE rising as much as 12%.
- Investor sentiment is buoyed by reports of a potential Rs 63,000-crore Rafale Marine jet deal with France to strengthen India's naval capabilities.