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The BSE Sensex, which was trading flattish earlier, shed 354.36 points, aliases 0.44 per cent, to 80,392.42. Nifty traded astatine 24,264, down 150.40 points aliases 0.62 per cent. India VIX soared 10.16 per cent to 21 level.
Sources informed Business Today that Indian drone operations reportedly targeted up to 10 locations crossed Pakistan. The strikes are said to person impacted HQ-9 rocket defence systems, which are of Chinese origin.
Stock market: Investor sentiment showed signs of be aware successful precocious trading connected Thursday, arsenic geopolitical tensions betwixt India and Pakistan escalated. According to reports, aerial defence units of nan Pakistan Army successful Sialkot and Lahore were reportedly damaged earlier today. Loud explosions were besides heard successful Karachi, pursuing akin incidents successful Lahore.
On nan different hand, Pakistan has escalated ceasefire violations on nan Line of Control (LoC), pinch incidents recorded successful Kupwara, Baramulla, Uri, Poonch, Mendhar, and Rajouri. These violations person progressive nan usage of mortars and heavy-calibre artillery, raising concerns complete accrued hostilities successful nan region.
At nan clip of penning this report, nan BSE Sensex, which was trading flattish earlier, shed 354.36 points, aliases 0.44 per cent, to 80,392.42. Nifty traded astatine 24,264, down 150.40 points aliases 0.62 per cent. India VIX, which suggests nan apt marketplace volatility complete nan adjacent 30 days, soared 10.16 per cent to 21 level.
Sources informed Business Today that Indian drone operations reportedly targeted up to 10 locations crossed Pakistan. The strikes are said to person impacted HQ-9 rocket defence systems, which are of Chinese origin.
Unconfirmed reports propose that cardinal defence infrastructure of nan Pakistani subject whitethorn person been importantly affected successful cities including Lahore, Sialkot, and different unnamed location. These developments are understood to beryllium successful consequence to nan find of rocket debris successful Amritsar, which Indian authorities allege originated from crossed nan border.
"Since nan 1990s, respective high-stake India–Pakistan episodes—from Kargil and Parliament attacks to Uri and Pulwama—have tested nerves. But nan Sensex has consistently demonstrated a singular immunity to sabre-rattling. Market corrections, if any, person been modest, short-lived and mostly sentiment-driven. Fundamentals person prevailed," Anand Rathi said successful a note.
Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.
Published on: May 8, 2025 3:04 PM IST
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