Market Volatility Surges Amid India-Pakistan Tensions
Benchmark Sensex declined by nearly 412 points on Thursday following heightened tensions between India and Pakistan, affecting banking, FMCG, and auto shares. Despite opening on a higher note, the Sensex saw a downturn as sellers took over. Meanwhile, Indian forces thwarted Pakistani military offensives targeting various Indian locales.
- Country:
- India
The Benchmark Sensex experienced a significant decline of nearly 412 points in a volatile session on Thursday. This downturn was driven by investor concerns stemming from escalating tensions between India and Pakistan, resulting in a sell-off in banking, FMCG, and automotive shares.
The session, which initially showed promise, witnessed a sharp descent with the Sensex closing at 80,334.81 and 23 of its constituents falling into the red. Indian forces successfully countered a series of aggressive moves by Pakistani military forces that attempted to target several regions in India.
The NSE Nifty also felt the pressure, dropping 140.60 points, closing at 24,273.80. Despite these domestic market shifts, global markets remained stable, buoyed by optimism surrounding an impending US-UK trade deal and ongoing talks with China.
(With inputs from agencies.)
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