Defensive Stocks Shine Amid Market Crash

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Yesterday, the stock market crashed following a surprising outcome in India's general elections. Many stocks hit lower circuits, causing trading halts.

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Despite the turmoil, defensive stocks like Hindustan Unilever, Nestle India, Britannia, Hero MotoCorp, and Tata Consumer Products rose 2-6%.

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These gains indicate investors' preference for stable, defensive bets during volatility. Meanwhile, India VIX, the volatility index, jumped 28%.

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In contrast, stocks like Shriram Finance, Power Grid, Larsen & Toubro, BPCL, and Adani Enterprises plummeted 10-21% on the same day.

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