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Defence Stocks Plunge Amid Profit-Taking and Stalled Talks

7/14/2025

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Summary

Story summary

Defence stocks took a hit on July 14, marking their third straight day of decline as the Nifty India Defence Index dropped over 0.6% to 8,457.70. Investors cashed in on profits following earlier gains, with Garden Reach Shipbuilders plummeting nearly 4%. Meanwhile, Brazil's stalled missile talks weighed heavily on Bharat Dynamics and Bharat Electronics shares, despite slight gains for BEML and Astra Microwave.

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Story summary

Defence stocks took a hit on July 14, marking their third straight day of decline as the Nifty India Defence Index dropped over 0.6% to 8,457.70. Investors cashed in on profits following earlier gains, with Garden Reach Shipbuilders plummeting nearly 4%. Meanwhile, Brazil's stalled missile talks weighed heavily on Bharat Dynamics and Bharat Electronics shares, despite slight gains for BEML and Astra Microwave.