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India's defense stocks climb up to 12% post-Pakistan border tensions and a deadly terror attack.
India's defense stocks surged up to 12% amid heightened tensions with Pakistan, following a terror attack in Pahalgam that killed 26 people.
The Nifty Defence index saw a 4.5% increase, with companies like Paras Defence and Garden Reach Shipbuilders leading the gains.
Despite the conflict, India's stock market, including the Sensex and Nifty 50, climbed nearly 1% each, showing historical resilience.
Market experts suggest that while the tensions are causing short-term volatility, India's economy is expected to recover and grow over the long term.
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Las existencias de defensa de la India suben hasta un 12% después de las tensiones fronterizas con Pakistán y un ataque terrorista mortal.