The recent aircraft crash in Ahmedabad has brought down the stock prices of Boeing in pre-market trading. The aircraft involved in the crash was a Boeing Dreamliner. Incidentally, the US share market is yet to open, but the Boeing stock was already feeling the pressure on Wednesday with a decrease of 0. 85%. This has caused concern for investors and traders, who often look to pre-market trading for indications on market direction.

The crash of the Dreamliner in Ahmedabad has also affected other airlines, such as Interglobe Aviation and SpiceJet, with their stock prices declining during the day. However, these companies have no connection to the disaster in Ahmedabad. Overall, there was a selling pressure in the Indian market, with Sensex and Nifty closing 1% and 1. 01% lower, respectively.

The Air India plane crash on Thursday afternoon was a rare event in Indian civil aviation history. The flight, AI 171, had 242 people on board, including 169 Indians, 53 British, seven Portuguese, and one Canadian national. Corporate leaders, including Gautam Adani and N Chandrasekharan, expressed their shock and sadness over the tragedy. Adani, the chairman of Adani Group, and Chandrasekharan, chairman of Tata Sons, both offered their condolences to the families of those affected.

Adani Airport Holdings, a subsidiary of the Adani Group, operates the Ahmedabad airport. This made the situation particularly sensitive for N Chandrasekharan, as Tata Group officially took ownership of Air India on January 27, 2022.

Avijit Ghosal, a well-known writer on business, industry, and investment, has been following the developments closely. With over three decades of experience in the field, Ghosal has worked for various media outlets, including Business Standard, The Economic Times, Business Today, Hindustan Times, and Anandabazar Patrika. He is currently part of the TV9 Network.