Defence stocks rally up to 9% for second straight day after Pakistan defence minister says Indian military incursion is imminent

Shares of Indian defence companies surged up to 9% on April 29 after Pakistan’s Defence Minister warned of an imminent Indian military incursion following the Pahalgam terror attack. Defence stocks like Paras Defence, GRSE, and Data Patterns led gains. Meanwhile, India downgraded ties with Pakistan and banned over a dozen Pakistani YouTube channels for sharing provocative content.

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