DAC Approves ₹2.12 Lakh Crore Proposals for Military Equipment: Apollo Micro Systems, Data Patterns and Others in Focus

The Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, has approved capital acquisition proposals worth approximately ₹2.12 lakh crore, as per news reports. These are intended to enhance the capabilities of the Indian Army, Navy, and Air Force with new military equipment. 

The NIFTY INDIA DEFENCE Index opened the October 27, 2026, session with a positive outlook at 8,701.75 and registered an intraday low of 8,699.95 soon after opening. The index later touched an intraday high of 8,907.90. 

Massive Boost to Defence Capabilities 

On October 26, 2026, the DAC granted approvals under the Acceptance of Necessity framework, offering administrative clearance for the procurement of various military assets. These include helicopters, air defense systems, surveillance drones, advanced artillery systems, and naval platforms. 

For the Indian Army, critical procurements include High Mobility Vehicles, Self-Propelled Tracked Gun Systems, and Light Multi Role Helicopters. These assets aim to improve operational capabilities and provide essential support in challenging terrains while enhancing mobility and firepower. 

Defence Stocks Surge on DAC Approval 

Indian defense stocks rallied significantly following the Defence Acquisition Council's (DAC) approval of ₹2.12 lakh crore in military proposals.  

Market data shows substantial gains, with companies like Apollo, Data Patterns, and Sigma Advanced leading the upward momentum as investor confidence grows across the entire defense sector. 

NIFTY INDIA DEFENCE Index Performance on October 27, 2026 

The NIFTY INDIA DEFENCE index opened above its previous close at the 8,701.75 level and hit an intraday low of 8,699.95. 

As the session progressed, sustained buying interest emerged, lifting the index by over 240 points from its previous close to touch a high of 8,907.90. 

At 10:43 AM, the index was trading at 8,851.20, up by 189.25 points or 2.18% on October 27, 2026. 

Advance Decline Ratio of NIFTY INDIA DEFENCE Index on October 27, 2026 

The market breadth of NIFTY INDIA DEFENCE remained extremely strong during the morning session on October 27, 2026, with 21 stocks advancing and 1 stock declining. 

Broad-based buying was observed across index heavyweights, leaving the vast majority of index constituents in the green. 

Top Gainers and Losers of NIFTY INDIA DEFENCE Index on October 27, 2026 

The market index recorded widespread gains across its constituents during the session as of 10:43 AM. 

Among the gainers, APOLLO MICRO SYSTEMS (APOLLO) led the advance with a Last Traded Price (LTP) of 440.50, gaining 29.60 points (+7.20%). 

It was followed by DATA PATTERNS (INDIA) (DATAPATTNS), which rose by 225.20 points (+5.97%) to an LTP of 3,999.00. 

ASTRA MICROWAVE PRODUCTS (ASTRAMICRO) also traded firm at an LTP of 1,578.10 with a value increase of 79.80 points (+5.33%), while SIGMA ADVANCED SYSTEMS (SIGMAADV) rounded out the top gainers at an LTP of 861.30, adding 41.00 points (+5.00%). 

Conversely, heavy selling pressure was observed among the top losers, AEQUS (AEQUS) dropped the sharpest in percentage terms, falling by 41.45 points (-17.10%) to an LTP of 200.95.  

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Significant Share from Indian Industry 

As per news reports, a notable 82% of the procurements will be sourced from Indian industries, reinforcing the government's commitment to promoting domestic defence manufacturing. This aligns with national priorities for self-reliance in defence technologies. 

Conclusion 

The DAC's approval of acquisition proposals totalling ₹2.12 lakh crore aims to enhance India's defence capabilities through the procurement of helicopters, air defence systems, and other military equipment, with 82% sourced domestically. 

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