Defence Stocks Rise in India and China Amid Middle East Tensions and Iran Conflict

Defence stocks in India and China surged amid escalating Middle East tensions following US and Israeli strikes on Iran that killed its Supreme Leader Ayatollah Ali Khamenei. Indian companies like Paras Defence, Ideaforge Technology, Bharat Electronics, Hindustan Aeronautics, and Bharat Dynamics saw gains between 2 and 15 percent, driven by expectations of increased defence spending and strategic cooperation. Chinese defence shares also rose, reflecting investor interest amid geopolitical uncertainty. Despite the rally in defence sectors, broader markets declined due to rising crude prices and global risk aversion.