On July 28, 2025, the Nifty India Defence Index dropped over 15% from its June peak, with its RSI slipping below 30, signaling oversold territory. About 50% of constituent stocks, including Ideaforge, HAL, BDL, and Cochin Shipyard, also entered oversold zones. The index underperformed the Nifty 500, which fell 3.49%, by dropping 11.65% in July.