US EditionSensex, Nifty tumble in early trade amid soaring tensions between India-Pakistan
- On May 9, 2025, Indian stock markets fell sharply with the Sensex dropping 880 points to 79,454 and Nifty just above 24,000 amid rising India-Pakistan tensions.
- The selloff followed escalating geopolitical tension after India launched Operation Sindoor, striking terror targets in Pakistan-occupied Kashmir on May 7 and thwarting Pakistani drone attacks on May 8.
- Broader indices and small- and mid-cap stocks declined up to 2 percent while only the Nifty Defence index rose 2-3 percent, reflecting investor expectations of increased defence spending.
- Market volatility surged with India VIX spiking over 6 percent to 22.27, and foreign institutional investors bought equities worth ₹2,007.96 crore despite cautious retail sentiment.
- Experts cautioned investors to avoid panic selling, noting the market's resilience supported by strong domestic growth and expect the conflict to remain short-lived based on India’s strategic advantage.
18 Articles
18 Articles
Markets tumble as India-Pakistan conflict flares up; Sensex, Nifty tank over 1% - The Tribune
From the Sensex firms, ICICI Bank, Power Grid, UltraTech Cement, Bajaj Finance, HDFC Bank, Reliance Industries, Bajaj Finserv, Adani Ports, Mahindra & Mahindra and NTPC were among the laggards.
Market Slips As Indo-Pak Border Tensions Escalate| All Eyes On MEA Briefing
Markets remained under pressure as border tensions simmer, with investors awaiting more clarity ahead of the MEA briefing at 5:30 PM. The Nifty hovered around the 24,000 mark, reflecting broad-based weakness, though midcaps were off their lows. The NSE advance-decline ratio stood at 1:3, while the VIX continued to surge, jumping another 3%. Banks were the big drags amid the overall weakness, while defence and shipbuilding stocks gained.
India-Pakistan tensions trigger selloff in stock markets, Sensex falls 880 points
Mumbai: Indian equity markets witnessed a sharp decline on Friday as rising tensions between India and Pakistan spooked investors. The selloff came after Pakistan fired eight missiles at Indian cities in response to India’s precision strikes on terror camps in Pakistan and Pakistan-occupied Kashmir (PoK). Fortunately, all the missiles were successfully intercepted by Indian air defence systems. At the closing bell, the Sensex fell by 880.34 poi…
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