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The Business Standard Defence Index is designed to track the performance of 25 key defence stocks

<span style="color: rgb(73, 73, 73); font-family: bstext-regular; font-size: 20px;">The BS Defence index extended its subdued trend as cautious market sentiment and selloffs persisted. Even so, losses were contained compared with the Nifty and Sensex, underscoring the sector&#39;s role as a relative safe haven during market downturns. Defence companies now eye the Union Budget for allocations to fuel the next leg of the rally</span>

Market radar: December 22, 2025 to January 22, 2026