As Air India Plane Crashes, Stock Market Plunges — Tata Group Shares Nosedive

National News:  At 1:17 PM, flight AI171 took off from Ahmedabad for London. Within three minutes, the aircraft crashed near Meghani Nagar, allegedly after its rear struck a tree during takeoff. The plane burst into flames, sparking chaos in the residential area. On board were 242 people, including former Chief Minister Vijay Rupani. Rescue operations were swift, with fire and medical teams rushing injured passengers to nearby hospitals. While the physical damage was devastating, the economic aftershock was equally alarming. Owned by the Tata Group, Air India’s crash sent panic waves through the financial market. Investors reacted instantly, and major Tata stocks began tumbling in real time.

Tata Group Stocks Suffer Immediate Bloodbath

TCS dropped by over 1 percent. Tata Steel plummeted by nearly 3 percent. Tata Power slid down 2.5 percent. Tata Elxsi lost over 2 percent. Tata Communications, Tata Motors, Tata Chemicals, and Tata Consumer all saw red arrows. Some, like Tata Investment Corporation, faced a sharp fall of nearly 4 percent. Experts suggest that such incidents often trigger emotional reactions from investors. Since Air India is now under the Tata umbrella, the market perceived this disaster as a group-wide failure, punishing all its companies on the board.

Market Indices Take a Brutal Hit

By 2:15 PM, the BSE Sensex had plunged by 983.21 points to 81,531.93. The NSE Nifty crashed 301.15 points, dropping below 24,840.25. Stocks from Infosys, Tech Mahindra, Tata Motors, and others led the decline. The overall sentiment turned bearish, driven by fears of reputational damage to India’s most trusted conglomerate. This tragic event, while under investigation, has already caused a ripple effect far beyond aviation—hitting financial, industrial, and public confidence alike.