Indian defense stocks surged up to 8% as Israel's strikes on Iran raised global conflict concerns.

Indian defense stocks saw a significant surge on Friday, with companies like Ideaforge Technology and Hindustan Aeronautics Ltd seeing gains of up to 8%, following Israel's military strikes on Iranian nuclear facilities. The attacks raised concerns about a wider conflict, boosting investor interest in defense-related companies. The Nifty India Defence index rose 0.6%, while the broader market fell. This rally reflects both immediate global defense sector interest and long-term domestic trends in India's push for self-reliance in defense manufacturing.