India’s equity markets showed stability as investors reacted to the Indian forces’ strike against terror groups in Pakistan under Operation Sindoor. The Nifty and Sensex remained in the green, though slightly flat.read moreIndia’s equity markets remained stable as investors reacted to Operation Sindoor, the Indian forces’ strike against terror outfits in Pakistan, while panic gripped stock markets in Karachi. The benchmark indices, Nifty and Sensex, were slightly lower but largely flat.In contrast, Pakistani stock markets crashed following the Indian strikes, with the SE100 index dropping by 5 per cent.In a strong response to the Pahalgam terror attack, the Indian Armed Forces launched precision missile strikes early Wednesday under ‘Operation Sindoor’, targeting nine terror sites in Pakistan and Pakistan-occupied Kashmir (PoK).STORY CONTINUES BELOW THIS ADEarlier, the Nifty had dropped nearly 100 points on Tuesday, with broader markets showing signs of concern, particularly after disappointing quarterly earnings. PSU banks remain in focus, especially after Bank of Baroda’s results on Tuesday, which led to a nearly ₹60,000 crore loss in market capitalisation.More from India
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Rethinking India’s border security amid overburdened Northern CommandDefence stocks like HAL, BDL, and BEL rose by over 1 per cent after India launched Operation Sindoor early Wednesday in retaliation for the Pahalgam attack.As part of the operation, Indian armed forces struck nine terror targets in Pakistan and PoK, including the Jaish-e-Mohammad stronghold in Bahawalpur and the Lashkar-e-Taiba base in Muridke.The strikes came two weeks after 26 civilians were killed in the Pahalgam massacre in Jammu and Kashmir.In a statement issued at 1:44 am, the Defence Ministry said, “The Indian armed forces launched ‘Operation Sindoor’, hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where attacks on India have been planned and directed.”TagsIndianifty fiftyPakistanSensexEnd of Article
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India’s Sensex fluctuates but panic in Pakistani markets as SE100 drops 5% after Operation Sindoor
