Stock market today, May 7 -- Indian defense stocks such as Hindustan Aeronautics and Mazagon Dock Shipbuilders traded flat on Wednesday, May 7, despite escalating tensions between India and Pakistan after India carried out its deepest strikes inside Pakistani territory since 1971.

According to market experts, defense stocks have already witnessed a significant run-up in recent sessions, particularly following the Pahalgam terror attack. As a result, investors may be booking profits or adopting a wait-and-watch approach amid geopolitical uncertainties.

Shares of Bharat Dynamics, Hindustan Aeronautics, Bharat Electronics, and BEML were trading flat as of 11:30 a.m. on Wednesday. Shipbuilding stocks such as Mazagon Dock Shipbuilders, Garde...