Defence stocks, including Hindustan Aeronautics, BEML, Paras Defence, and Data Patterns, experienced an uptick in early trading on Thursday following news that India and the US have reached an agreement on a defence framework.

This 10-year framework aims to establish a strategic partnership between the two nations for the exchange of defence expertise and an enhanced supply of defence equipment.

Among the leading gainers in the Nifty India Defence index were Data Patterns (India), Cyient DLM, BEML, HAL, Dynamatic Technologies, Paras Defence and Space Technologies, and Mazagon Dock Shipbuilders, each rising by over one percent. The index itself increased by 0.65%.