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

Bullish

Sudeep Shah · SBI Securities · 09 Sept 2026

“Bullish on the Nifty India Defence index in the near term, expecting continued outperformance relative to the benchmark. The uptrend is likely to remain intact as long as the index sustains above the immediate support zone of 9,750-9,700, potentially extending its upward move further.”

PENDINGCall page Clear

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Sudeep Shah's call · 09 Sept 2026

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

Bullish 100% (9)Neutral 0% (0)Bearish 0% (0)

Explore by date range →

Analyst opinions

Call	Analyst	Instrument	Type	Direction	Date	Verdict
“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 Analysis Motilal Oswal Financial Services	Nifty India Defence	Trackable	Bullish	08 Sept 2026	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 Thakkar ICICI Securities	Nifty India Defence	Trackable	Bullish	19 Aug 2026	NOT GRADED
“Maintains 'Buy' ratings on Mazagon Dock Shipbuilders, HAL, Bharat Electronics, Bharat Dynamics, Zen Technologies, Solar …”	Antique Stock Broking Analysis Antique Stock Broking	Defence Sector	Trackable	Bullish	06 Jul 2026	NOT GRADED

Market commentary · 6 · levels, conditionals, previews, macro & hedged views — context, not graded

Call	Analyst	Instrument	Type	Direction	Date	Verdict
“Bullish on the Indian defence sector, expecting multi-year growth driven by higher government spending, greater domestic…”	HSBC Analysis HSBC	Nifty India Defence	Commentary	Bullish	16 Sept 2026	PENDING
“Bullish on the defence sector, maintaining a positive stance. This conviction is likely based on strong government suppo…”	Mayuresh Joshi Marketsmith India	Nifty India Defence	Commentary	Bullish	15 Sept 2026	PENDING
“Bullish on the Nifty India Defence index in the near term, expecting continued outperformance relative to the benchmark.…”	Sudeep Shah SBI Securities	Nifty India Defence	Commentary	Bullish	09 Sept 2026	PENDING
“Bullish on the Nifty India Defence index in the near term, expecting continued outperformance relative to the benchmark. The uptrend is likely to remain intact as long as the index sustains above the immediate support zone of 9,750-9,700, potentially extending its upward move further.” Conditional callTrack opinion → This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. Read the original article
“Bullish on the domestic defence manufacturing sector, as the ₹1.10 lakh crore acquisition proposals provide significant …”	Ajit Mishra Religare Broking	Nifty India Defence	Commentary	Bullish	09 Sept 2026	PENDING
“Maintains a bullish stance on the defence sector, citing an improved Indian outlook and structural tailwinds. The firm b…”	Goldman Sachs Analysis Goldman Sachs Group Inc.	Defence	Commentary	Bullish	13 Jul 2026	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 Analysis Choice Institutional Equities	Defence Sector	Commentary	Bullish	06 Jul 2026	PENDING

Index metrics

As of 19 Sept, 04:21 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.

Rose

Fell

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)

StockWeightPrice · Day

ETFs tracking this index

2 funds

Index levels are informational only, not investment advice.

COCHINSHIP

Cochin Shipyard Growth Strategy: Ship Repair Expansion, Defence Orders and Future Pipeline

Kalkine India · 11 hours ago

MAZDOCK

Mazagon Dock Shipbuilders to invest Rs 15,000 crore in Andhra shipyard

The Economic Times · 13 hours ago

HAL

HAL Share Price rises 2.16%: price action and fundamentals

Univest · 14 hours ago

HAL

HAL wraps up original Tejas order; CMD Ravi K says Mk-1A issues to be resolved soon, stock up nearly 2%

Moneycontrol.com · 15 hours ago

COCHINSHIP

Cochin Shipyard: Releases Investor Call Transcript on FY27 Performance & Joint Ventures

InvestyWise · 17 hours ago

BEML

BEML shares gain over 3% after Rs 5,400 crore high-speed rail order win

Moneycontrol.com · 17 hours ago

BEML

BEML Share Price Today Up 4%

Equitymaster · 17 hours ago

GRSE

GRSE Q2 FY27 Results Preview: Date, Trends and Numbers

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BHARATFORG

Bharat Forge Opening Bell Updates: Share Price Rises 2.94% on New Collaborations

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BEL

HAL, BEL, L&T: CLSA sees up to 35% upside driven by Rs 2.19 lk cr defence capex

financialexpress.com · 19 hours ago

BEL

BEL shares in focus as PSU receives orders worth Rs 648 crore since late August. What’s ahead after 183% r

The Economic Times · 19 hours ago

SOLARINDS

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.

1 day ago·Read at BW Businessworld

AXISCADES

Axiscade Technologies Shares Hit 10% Upper Circuit; Here Are 5 Reasons Behind the Rally

Trade Brains · 1 day ago

AXISCADES

AXISCADES Technologies Share Price Surges

Kalkine India · 2 days ago

APOLLO

Apollo Micro Systems share price jumps 3.5% after recent fall | technical experts flag key levels

Livemint · 2 days ago

BDL

Here's What We Like About Bharat Dynamics' (NSE:BDL) Upcoming Dividend

simplywall.st · 2 days ago

ASTRAMICRO

Astra Microwave Products (ASTRAMICRO.NS) Climbs 1.76% to ₹1621.9, Nearing Key Resistance Zone - Earnings Sentiment

siam.in · 2 days ago

SOLARINDS

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

PARAS

Buy, Sell Or Hold: Paytm, MobiKwik, L&T, Tata Motors PV, Paras Defence, Suzlon — Ask Profit

NDTV Profit · 3 days ago

BDL

Nifty Defence down 8% in a week: What should investors do with BEL, HAL, BDL, Solar Industries?

Zee Business · 3 days ago