New Delhi, May 29 -- The Nifty India Defence index, representing the defence sector in the Indian stock market, tumbled as much as 1.3% in intraday deals on Friday, 29 May, amid up to an 8% decline in its constituents.

In the 20-pack defence index, 15 stocks were lower, four were higher, reflecting a broadly weak sentiment for the sector. Stock-specific action after the March quarter results, along with profit taking after a sharp rally, pulled the defence stocks lower in trade today.

The Nifty India Defence index has touched an intraday low of 9,124.85 today compared with its Wednesday close of 9,253.75. Yet, it remains one of the best-performing indices this year despite a volatile performance from the mainboard indices due to the hea...