Sensex Tanks 880 Points, Nifty At 24,008 As India-Pak Tensions Escalate
Indian equity markets opened lower on Friday after border tensions between India and Pakistan rattled investor sentiment
Sensex Today: Indian stock markets slumped sharply on Friday as escalating tensions between India and Pakistan unnerved investors. The selloff followed Pakistan’s firing of eight missiles targeting multiple Indian cities, all of which were successfully intercepted by India’s air defence systems. This marked a significant escalation after India carried out precision strikes on nine terror camps in Pakistan and Pakistan-occupied Kashmir (PoK) in retaliation for the April 22 terror attack in Pahalgam.
In response to the growing threat, the Indian government has ordered full blackouts and activated air raid sirens in several cities as part of its civil defence protocols. Emergency measures are being implemented in border areas, and authorities have urged residents to remain indoors.
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The BSE Sensex dropped 880.34 points, or 1.10%, to close at 79,454.47, while the NSE Nifty50 fell 265.80 points to settle at 24,008, also down 1.10%.
In the broader market, the Nifty Midcap 100 ended flat with a negative bias, and the Nifty Smallcap 100 declined by 0.61%. Sectorally, Nifty Realty was the worst performer, tumbling nearly 2%. Banking, financial services, and auto stocks also saw notable declines. However, select indices such as PSU Bank, consumer durables, metals, and media closed with modest gains.
Global Market Snapshot
Global investors continue to digest the implications of the recently announced US-UK trade deal by President Donald Trump. While no formal agreement has been signed yet, Trump claimed progress on a deal that retains 10% tariffs on British exports, expands agricultural access, and lowers duties on UK car exports to the US.
In Asia, Japan’s Nikkei 225 opened over 1% higher, South Korea’s Kospi rose 0.3%, while Australia’s ASX200 and Hong Kong’s Hang Seng traded flat. Mainland China’s CSI 300 slipped 0.19%.
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