NIFTYINDIADEFENCE · NSE
Nifty India Defence
Index · View only — not on the trading terminal
₹9,351.7
+0.86% (+₹79.8)
Prev. close
₹9,271.9
Volume
3,29,06,079
As of
18 Sept 2026
Price history
Pankaj Pandey · ICICIdirect.com · 25 Mar 2026
“While the defence sector's structural growth story remains intact due to increasing global and domestic spending, valuations are currently rich, trading at 45-60 times multiples. For stable growth, Bharat Electronics, Data Patterns, and Astra Microwave are preferred picks.”
Tracked vs “Nifty India Defence” — comparator series unavailable
Published mid-session at 11:46 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
9 analyst stances · last 90 days · one per analyst
Trackable
3 · 3 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
6 · 6 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Positive on the defence sector following the DAC's approval of ₹1.1 lakh crore worth of AoN proposals for the Army, Navy…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Nifty India Defence | PENDING | |
| “Bullish on Bharat Dynamics Futures for the near-term, recommending a buy in the ₹1,400-1,410 range with targets of ₹1,48…” | Jay ThakkarICICI Securities | Nifty India Defence | NOT GRADED | |
| “Maintains 'Buy' ratings on Mazagon Dock Shipbuilders, HAL, Bharat Electronics, Bharat Dynamics, Zen Technologies, Solar …” | Antique Stock Broking AnalysisAntique Stock Broking | Defence Sector | NOT GRADED |
Market commentary · 6 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on the Indian defence sector, expecting multi-year growth driven by higher government spending, greater domestic…” | HSBC AnalysisHSBC | Nifty India Defence | PENDING | |
| “Bullish on the defence sector, maintaining a positive stance. This conviction is likely based on strong government suppo…” | Mayuresh JoshiMarketsmith India | Nifty India Defence | PENDING | |
| “Bullish on the Nifty India Defence index in the near term, expecting continued outperformance relative to the benchmark.…” | Sudeep ShahSBI Securities | Nifty India Defence | PENDING | |
| “Bullish on the domestic defence manufacturing sector, as the ₹1.10 lakh crore acquisition proposals provide significant …” | Ajit MishraReligare Broking | Nifty India Defence | PENDING | |
| “Maintains a bullish stance on the defence sector, citing an improved Indian outlook and structural tailwinds. The firm b…” | Goldman Sachs AnalysisGoldman Sachs Group Inc. | Defence | NOT GRADED | |
| “Bullish on India's defence sector, viewing the ₹52,000 crore DAC approval as reinforcing a structural growth cycle, not …” | Choice Institutional Equities AnalysisChoice Institutional Equities | Defence Sector | PENDING |
Index metrics
As of 19 Sept, 06:38 IST
Open
9,311.3
Day High
9,436.35
Day Low
9,305.7
Prev. Close
9,271.9
52W High
10,067.2
52W Low
7,184.9
P/E
56.44
P/B
10.81
Div. Yield
0.51%
Member stocks today
How many of this index's member stocks rose or fell today — a broad move and a few-heavyweights move look very different here.
15
Rose
4
Fell
0
Flat
Composition
19 stocks · 15 advanced · 4 declined
Member stocks, ranked by index weight — heaviest first.
Top weight: BEL · 30.7% (free-float mcap share, estimate — not NSE’s published weight)
BEL
Bharat Electronics Ltd. · Capital Goods
30.7%
₹393.3
-0.54%
HAL
Hindustan Aeronautics Ltd. · Capital Goods
19.8%
₹4,800.3
+0.26%
BHARATFORG
Bharat Forge Ltd. · Automobile and Auto Components
11.4%
₹1,962.1
+2.26%
SOLARINDS
Solar Industries India Ltd. · Chemicals
9.8%
₹18,555
-1.38%
MAZDOCK
Mazagoan Dock Shipbuilders Ltd. · Capital Goods
3.8%
₹2,280
+3.17%
MTARTECH
MTAR Technologies Ltd. · Capital Goods
3.4%
₹7,777
-4.25%
ASTRAMICRO
Astra Microwave Products Ltd. · Capital Goods
3.0%
₹1,631.2
+1.46%
DATAPATTNS
Data Patterns (India) Ltd. · Capital Goods
3.0%
₹4,513.3
+2.32%
COCHINSHIP
Cochin Shipyard Ltd. · Capital Goods
2.6%
₹1,398
+4.77%
BDL
Bharat Dynamics Ltd. · Capital Goods
2.4%
₹1,196.6
+3.88%
BEML
BEML Ltd. · Capital Goods
1.8%
₹2,135
+6.04%
ZENTEC
Zen Technologies Ltd. · Capital Goods
1.7%
₹1,687.4
+0.34%
GRSE
Garden Reach Shipbuilders & Engineers Ltd. · Capital Goods
1.5%
₹2,411.8
+3.08%
APOLLO
Apollo Micro Systems Ltd. · Capital Goods
1.4%
₹370.7
-2.00%
PARAS
Paras Defence and Space Technologies Ltd. · Capital Goods
1.1%
₹1,372.7
+0.13%
DYNAMATECH
Dynamatic Technologies Ltd. · Capital Goods
1.0%
₹12,061
+2.05%
AXISCADES
AXISCADES Technologies Ltd. · Capital Goods
0.7%
₹1,811.2
-2.22%
AEQUS
Aequs Ltd. · Capital Goods
0.6%
₹231.67
+1.02%
MIDHANI
Mishra Dhatu Nigam Ltd. · Capital Goods
0.4%
₹417.3
+2.32%
ETFs tracking this index
2 funds
Index levels are informational only, not investment advice.
Cochin Shipyard Growth Strategy: Ship Repair Expansion, Defence Orders and Future Pipeline
Kalkine India · 13 hours ago
Mazagon Dock Shipbuilders to invest Rs 15,000 crore in Andhra shipyard
The Economic Times · 15 hours ago
HAL wraps up original Tejas order; CMD Ravi K says Mk-1A issues to be resolved soon, stock up nearly 2%
Moneycontrol.com · 17 hours ago
Cochin Shipyard: Releases Investor Call Transcript on FY27 Performance & Joint Ventures
InvestyWise · 19 hours ago
BEML shares gain over 3% after Rs 5,400 crore high-speed rail order win
Moneycontrol.com · 20 hours ago
Bharat Forge Opening Bell Updates: Share Price Rises 2.94% on New Collaborations
LatestLY · 21 hours ago
HAL, BEL, L&T: CLSA sees up to 35% upside driven by Rs 2.19 lk cr defence capex
financialexpress.com · 21 hours ago
BEL shares in focus as PSU receives orders worth Rs 648 crore since late August. What’s ahead after 183% r
The Economic Times · 22 hours ago
Solar Industries Falls 9% After Rs 12,951 Cr Omnia Acquisition
Solar Industries India shares fell nearly 9% after announcing a Rs 12,951 crore all-cash acquisition of South Africa-based Omnia Holdings. Investors are weighing the large transaction size against potential strategic benefits, despite Goldman Sachs maintaining a Buy rating. The deal aims to expand Solar Industries' international presence and strengthen its explosives and mining solutions.
Axiscade Technologies Shares Hit 10% Upper Circuit; Here Are 5 Reasons Behind the Rally
Trade Brains · 2 days ago
Apollo Micro Systems share price jumps 3.5% after recent fall | technical experts flag key levels
Apollo Micro Systems shares rose 3.5% on September 17, despite an 8.76% decline over the past week. This jump occurred as the company reported a 43% increase in net profit for Q1 FY27. Technical analysts warn that key support levels may fail to prevent further price drops.
Astra Microwave Products (ASTRAMICRO.NS) Climbs 1.76% to ₹1621.9, Nearing Key Resistance Zone - Earnings Sentiment
siam.in · 2 days ago
Solar Industries India (SOLARINDS.NS) Slips 1.82% to ₹18,900 as Traders Eye Support at ₹17,955 - Momentum Stock Picks
siam.in · 2 days ago