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How did defense stocks perform compared to tech stocks in the recent market?
While heavyweight tech stocks experienced declines, defense stocks continued to gain ground in the broader market, showing notable resilience. This divergent performance occurred alongside positive movement in mid and small cap indexes, with the BSE Mid cap index adding 1.2% and the small cap index surging by a more substantial 2.4%. This pattern indicates a rotation of investor interest from technology into defense sectors, potentially reflecting changing market sentiments and sector-specific dynamics.
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Defense Stocks Resilience Amidst Tech Declines
WION·8 months ago
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