Business
Markets Too Feels The India – Pakistan Tension Post Pahalgam , Sensex And NIfty Face The Brunt
Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent each as tensions soared between India and Pakistan, fuelling fears of a wider conflict.
Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent each as tensions soared between India and Pakistan, fuelling fears of a wider conflict.
Extending its previous day’s decline, the 30-share BSE benchmark gauge tanked 880.34 points or 1.10 per cent to settle at 79,454.47, in a largely range-bound trading.
The NSE Nifty dropped 265.80 points or 1.10 per cent to 24,008.
India on Thursday night swiftly thwarted Pakistan’s fresh attempts to strike military sites with drones and missiles, including in Jammu and Pathankot, after foiling similar bids at 15 places in northern and western regions of the country as tensions soared between the two countries.
“A conflict was anticipated, but the market was not expecting the situation to intensify, raising concerns about its duration.
“However, it is still projected to be a short-lived confrontation, given the strategic advantage and the opponent’s weak economic standing.
