Defence stocks continue winning streak, Paras Defence jumps nearly 19%

Defence sector stocks surged following India’s counter-terror operations, with Paras Defence leading the rally at 18.90%. Operation Sindoor, launched in response to the Pahalgam attack, fueled investor interest in aerospace, missile, and drone manufacturing companies. Despite the defence sector’s gains, broader markets experienced a decline, with the Sensex and Nifty ending lower.