DEFENSE STOCKS

$BHEL Defence stocks dropped in trade on November 24, pushing the Nifty India Defence index down nearly 2 percent. This comes after Tejas fighter jet crash in Dubai last week and Russia-Ukraine’s tentative peace plan dampened investor sentiment. The defence index fell to 7,953 in the morning, the lowest level seen by the sectoral index in more than two weeks. The index has now extended losses for the second consecutive session.