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Defence Stocks Plunge as Tejas Jet Crashes; IndiGo Soars on Major Sensex Boost!

Aerospace & Defense

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Published on 24th November 2025, 7:02 AM

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Author

Satyam Jha | Whalesbook News Team

Overview

Indian markets showed mixed performance. Defence stocks, including Hindustan Aeronautics Limited (HAL), fell sharply (2-5%) following a Tejas fighter jet crash at the Dubai Air Show, impacting Bharat Electronics and others. Shipping stocks also declined. Conversely, IndiGo (InterGlobe Aviation) shares rose due to its upcoming inclusion in the Sensex, replacing Tata Motors Passenger Vehicles. Karnataka Bank saw a jump on a significant bulk deal, while Groww experienced volatility and NBCC India extended its gains from new work orders. TCS saw a minor uptick amidst legal proceedings.