‘Operation Sindoor’ scene is displayed on a screen outside Bombay Stock Exchange (BSE) building in Mumbai: Photo Credit: PTI
The stock market benchmark Indices Sensx and Nifty tumbled for more than 1% every 1% on Friday (May 9, 2025), as tension between India and Pakistan increased, there was a possibility of a widespread conflict.
Expanding its previous day’s decline, the 30-shyer Bombay Stock Exchange (BSE) benchmark gauge tanned 880.34 points or 1.10% at 79,454.47, tank in a large-scale range-bound trading.
The NSE Nifty fell 265.80 points or 1.10% to 24,008.
India rapidly thwarted Pakistan’s new attempts to attack military sites with drones and missiles including Jammu and Pathankot on Thursday (May 8, 2025), tension between the two countries after thwarting similar dialects at 15 places in the northern and western regions of the country.
On Wednesday (May 7, 2025), the Indian Armed Forces (IAF) carried out accurate missile attacks on nine terrorist goals in Pakistan -occupied Kashmir (POK) and Pakistan under ‘Operation Sindoor’.
A conflict was estimated, but the market situation was not expected to accelerate, raising concerns about its duration. However, it is still estimated to have a short -term confrontation, given strategic gains and the rival’s weak economic status.
Vinod Nair, head of research by Geojit Investments Limited, said, “Interestingly, foreign institutional investors (FIIs) continued to invest in the Indian market till yesterday, while retail investors are a little cautious at the moment.”
Sensex firms, ICICI Bank, Power Grid, Ultratech Cement, Bajaj Finent, HDFC Bank, Reliance Industries, Bajaj Finserv, Bajaj Finserv, Adani Ports, Mahindra & Mahindra & Mahindra & Mahindra and NTPC.
The Titan company reported a 13% increase in its consolidated profit after tax at ₹ 871 crore in the March quarter after the Tata Group firm climbing more than 4%, which was inspired by strong sales.
Larsen and Toubro jumped around 4%, as the firm reported an increase of 25% in consolidated profit after tax (PAT) for the quarter ended March 31, 2025, supported by high revenue and an extraordinary profit.
Tata Motors, State Bank of India and Asian Paints were among the gains.
According to exchange data, foreign institutional investors (FII) bought a price of ₹ 2,007.96 crore on Thursday (May 8, 2025).
In the Asian markets, South Korea’s Korea Composite Stock Price Index (KOSPI) and Shanghai’s Shanghai Stock Exchange (SSE) composite index were reduced, while Japan’s Nikkei 225 index and Hong Kong’s Hong Seng Green ended.
European markets were doing more business.
The US markets ended in a positive field on Thursday (May 8, 2025).
Global Oil Benchmark Brent crude climbed 1.53% to $ 63.80 per barrel.
On Thursday (May 8, 2025), the BSE Sensex fell by 411.97 points or 0.51%, settling at 80,334.81. The Nifty decreased at 140.60 points or 0.58% at 24,273.80.
Published – May 09, 2025 05:13 PM IST
