Tejas jet crash, Feb. 23 -- Defence stocks came under selling pressure on Monday, February 23, reversing gains seen in the last trading session. The Nifty India Defence index lost 1.09% to hit the day's low of 8,010 on the National Stock Exchange (NSE) in intraday deals as most index constituents traded in the red.

Shares of Hindustan Aeronautics (HAL) were among the worst affected, with a 4.5% loss. Cyient DLM share price, meanwhile, shed 4.9% and Bharat Dynamics 3.7%.

Mazagon Dock, Midhani, Garden Reach Shipbuilders (GRSE) and Cochin Shipyard share prices were other losers with a 1-2% fall in intraday deals.

The fall in HAL's share price followed a third accident involving the Tejas jet, prompting investors to reassess execution risk...