Stock Market: Why Sensex, Nifty Are Calm Even As Indian Missiles Hit Pakistan, Pok

Benchmark banal indices Sensex and Nifty were comparatively calm successful early waste and acquisition connected Wednesday, pursuing overnight strikes successful Pakistan and Pakistan-occupied Kashmir (PoK) by India successful retaliation to nan Pahalgam panic attack. The losses were mostly capped arsenic nan cognition was focused, measured, and non-escalatory successful nature, wherever nary Pakistani subject accommodation were targeted. Besides, analysts judge nan retaliation was each expected and discounted by nan marketplace participants.  

This 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 PoK, said Prashanth Tapse, Senior VP (Research) astatine Mehta Equities Ltd said. 

"Markets now hinge connected 3 catalysts: further subject action, world tariff progress, and nan US Fed’s argumentation determination connected May 7. Nifty remains volatile pinch cardinal support astatine 24,171," Tapse said.

Sensex was down 30 points, aliases 0.04 per cent, astatine 80,610.93. Nifty was level astatine 24,377.15. Positive developments specified arsenic India-UK waste and acquisition deal, caller driblet successful crude lipid prices and FPI buying are each affirmative for nan home banal market.

The marketplace is improbable to beryllium impacted by nan retaliatory onslaught by India since that was known and discounted by nan market, said VK Vijayakumar, Chief Investment Strategist, Geojit Investment ahead of nan opening bell. 

"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 this precision strikes by India," Vijayakumar said. 

Tapse said traders should see trading Nifty adjacent 24,500–24,550 and Bank Nifty adjacent 54,600–54,900. 

Vijayakumar said nan main catalyst of nan marketplace resilience successful India is nan sustained FII buying of nan past 14 trading days which has touched a cumulative fig of Rs 43,940 crores successful nan rate market. FIIs are focused connected nan world macros for illustration anemic dollar, slower maturation successful US and China successful 2025 and India’s imaginable outperformance successful growth. This tin support nan marketplace resilient, he said.
 

Published on: May 7, 2025 9:24 AM IST