Defensive Stocks Shine Amid Market Crash

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

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%.

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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