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16h ago

India Intensifies Response to Pahalgam Attack with Defence Moves and Diplomatic Actions

Military readiness escalates with missile tests, defence stocks surge, and a major Rafale Marine jet deal is reportedly imminent.

Defence stocks rally up to 10% as Indo-Pak tensions rise. Should you buy?
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Overview

  • India has suspended the Indus Waters Treaty and downgraded diplomatic ties with Pakistan, including expelling military advisors and closing the Attari border crossing.
  • Defence stocks, including Paras Defence, GRSE, and HAL, saw significant gains, with the Nifty Defence index rising 4.5%, its largest intraday increase since mid-April.
  • The Indian Navy demonstrated military readiness through successful anti-ship missile tests conducted on Sunday.
  • Reports suggest India is close to finalizing a Rs 63,000-crore deal with France for 26 Rafale Marine fighter jets, enhancing naval aviation capabilities.
  • Defence Minister Rajnath Singh met with Prime Minister Narendra Modi to strategize further responses to the Pahalgam terror attack that killed 26 tourists.