Stock Market, Sensex, Nifty: India Strikes 9 Pakistan, Pok Terror Bases; What History Says

India's benchmark indices — Sensex and Nifty— are successful attraction connected Wednesday, May 7, aft nan Indian Armed Forces conducted a bid of precision strikes targeting violent infrastructure successful Pakistan and Pakistan-occupied Kashmir (PoK). These actions were carried retired successful consequence to nan caller panic onslaught successful Pahalgam, which resulted successful nan deaths of 26 tourists.

A antagonistic commencement for nan home banal marketplace is each likely, pinch Gift Nifty connected nan NSE IX falling astir 110 points, aliases complete 0.4 per cent, and was testing 24,300 level. 

According to nan Ministry of Defence, 9 strategically selected sites—identified arsenic cardinal hubs for readying cross-border panic operations — were struck. The authorities emphasised that nan cognition was "focused, measured, and non-escalatory." Importantly, nary Pakistani subject accommodation were targeted, highlighting what officials described arsenic India's 'considerable restraint' successful some target action and operational execution.

In nan past 25 years, location were 4 awesome India–Pakistan confrontations since nan 1999 Kargil War, on pinch 19 different wars aliases war-like incidents involving G20 nations.

Anand Rathi successful a caller statement observed that moreover successful nan arena of a important escalation, nan Nifty is improbable to diminution by much than 5–10 per cent. This projection was based connected humanities patterns and existent world consequence assessments.

The Pulwama onslaught and nan Balakot airstrike successful February–March 2019 resulted successful a humble 1.8 per cent diminution successful Nifty.

Anand Rathi pointed retired that, speech from nan 2001 Parliament attack, Indian equity markets person typically not fallen much than 2 per cent during periods of heightened tensions pinch Pakistan.

Even nan marketplace correction during nan 2001–02 Parliament onslaught was apt influenced much by world factors, peculiarly nan astir 30 per cent diminution successful nan S&P 500 during nan aforesaid period, nan brokerage noted recently.

During nan Kargil War, which lasted from May to July 1999, nan Nifty declined conscionable 0.80 per cent. In contrast, pursuing nan Parliament onslaught successful December 2001, India-Pakistan tensions led to a sharper marketplace driblet of 13.9 per cent. The Nifty slipped 2 per cent betwixt September 18–29, 2016, aft nan Uri onslaught and consequent surgical strikes.

Following nan Pahalgam panic attack, India suspended nan Indus Waters Treaty of 1960, which could severely trim Pakistan’s h2o supply, Moody's said. 

"Sustained escalation successful tensions pinch India would apt measurement connected Pakistan’s maturation and hamper nan government’s ongoing fiscal consolidation, mounting backmost Pakistan’s advancement successful achieving macroeconomic stability," nan world standing agency said connected May 5. 

Published on: May 7, 2025 7:39 AM IST