Operation Sindoor Triggers Uncertainty, Indices Pare Losses And Start Trading In Green

The Indian stock markets saw a muted start to trading on Wednesday as markets woke up to the news of the Indian military launching Operation Sindoor on neighbour Pakistan last night. As part of the operation, India made targeted strikes on terrorist infrastructure in some parts of Pakistan-Occupied-Kashmir (POK) and Pakistan.

This weighed down on sentiment as relations between the two countries hit a new rock bottom. The BSE Sensex tanked more than 100 points to inch closer to 80,500, around 9:16 AM, while the NSE Nifty50 inched down almost 30 points to trade just over 24,350. 

On the 30-share Sensex, Tata Motors, HDFC Bank, PowerGrid, SBI, and Bajaj Finance emerged among the gainers in the session so far. Meanwhile the laggards were dominated by HCL Tech, Asian Paint, Hindustan Unilever, Nestle, and Infosys.

However, indices remained heavily volatile and reversed the sentiment before paring their losses and trading in green. Around 9:30 AM, the Sensex climbed close to 150 points and tried to inch closer to 80,800, while the Nifty jumped 50 points to cross 24,400 in the session.

In the broader markets, the Nifty Midcap Select dominated in green and gained 1.29 per cent. Sectorally, the Midsmall Financial Services and Financial Services Ex-Bank indices led the gains and rose 2.32 per cent and 1.68 per cent respectively. 

Also Read : Rupee Weakens In NDF Market As IAF Executes Operation Sindoor Against Pakistani Terrorists

 

 

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