New Delhi, Feb. 13 -- Defence stocks in India traded mostly lower on Friday, with the Nifty India Defence index declining nearly 1%, in line with weakness across the broader market.
Unimech Aerospace and Manufacturing emerged as the top loser in the index, plunging nearly 10%. Mishra Dhatu Nigam, Zen Technologies, Astra Microwave Products, Garden Reach Shipbuilders & Engineers, and Dynamatic Technologies, were other laggards, falling in the range of 2-4%.
On the positive side, Hindustan Aeronautics (HAL), Bharat Forge, and MTAR Technologies were the only constituents to trade in the green.
The decline in defence stocks came amid a broader stock market crash, with the benchmark indices Sensex and Nifty 50 dropping more than 1% each.
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