India's Stock Market Positive; Pakistan's Karachi-100 Trims Losses After 6% Crash

Indian stocks turned affirmative while Karachi-100 banal speech registered a adjacent 6 per cent driblet successful early waste and acquisition connected Wednesday pursuing overnight strikes successful Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK) by India successful retaliation to nan Pahalgam panic onslaught that claimed 26 guiltless lives.

The Indian Armed Forces struck 9 panic camps, including nan 'Muridke' installation wherever Ajmal Kasab and David Headley — cardinal figures successful nan 2008 Mumbai attacks — received training. The cross-border action was fixed a codification name, 'Operation Sindoor'.

Domestic benchmarks BSE Sensex and NSE Nifty traded successful affirmative territory. At 11:44 am, nan 30-share Sensex battalion was up 0.11 per cent astatine 80,727.50 while nan broader Nifty scale roseate 0.13 per cent to 24,411.95.

However, Pakistan's KSE-100 scale plunged 5.52 per cent to deed a debased of 107,296.64 successful early trade. Last checked, it was down 1.47 per cent astatine 111,789.33.

The overnight rocket onslaught was nan first specified move since nan 1971 warfare erstwhile India’s Army, Navy, and Air Force launched associated precision strikes connected 9 panic hubs successful Pakistan and PoJK, said Prashanth Tapse, Senior VP (Research) astatine Mehta Equities Ltd. 

"The broader marketplace again showed signs of weakness, pinch astir 4 stocks declining for each 1 advancing, a clear motion of nervousness among participants," said Sameet Chavan, Head Research, Technical and Derivative - Angel One. He suggested staying cautious and avoiding complacent trades.

"What stands retired successful 'Operation Sindoor' from nan marketplace position is its focused and non-escalatory nature. We person to hold and watch really nan force reacts to these precision strikes by India," stated VK Vijayakumar, Chief Investment Strategist astatine Geojit Investment.

On nan level-specific front, Tapse said traders should see trading Nifty adjacent 24,500–24,550 and Bank Nifty adjacent 54,600–54,900.

Published on: May 7, 2025 11:57 AM IST