New Delhi, March 2 -- Global defence stocks witnessed sharp gains on Monday, March 2, as escalating hostilities between the United States and Iran triggered renewed investor interest in military and aerospace names. While broader equity markets turned volatile, defence stocks emerged as clear outperformers.

The rally was driven by expectations that prolonged geopolitical tension could lead to higher defence spending and increased demand for military equipment, systems and components.

US defence major Lockheed Martin surged 7.5% in intraday trade. China's Avic Chengdu Aircraft advanced 4.5%, while France's Dassault Aviation climbed 4.2%. Shares of Xi'an Triangle Defense also rose 3.26%, reflecting broad-based buying across global defence...