After the Indian federal government approved a defense equipment procurement plan with a total value of 2.12 trillion rupees, most Indian defense companies' stocks rose in early trading. Drone manufacturer IdeaForge rose as high as 7.1%, the biggest increase since October 12; both Zen and Paras Defence, which target the same sector, rose at least 2.8%. Hindustan Airlines is up 2.4%, Astra Microwave is up 3.6%, Bharat Electronics is up 2%, and Apollo Micro Systems is up 7.1%.

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