‘Operation Sindoor’ scene is being displayed on a screen outside the Bombay Stock Exchange Building in Mumbai on Wednesday, May 7, 2025, photo credit: PTI
The stock market benchmark index sense and Nifty tumbled in early trade on Friday (May 9, 2025) as tension between India and Pakistan increased, fearing a widespread conflict.
India intensified Pakistan’s new efforts to attack military sites with drones and missiles including Jammu and Pathankot on Thursday (May 8, 2025), after failing the same dialects at 15 places in the northern and western regions of the country, tension between the two countries.
On May 7, 2025, the Indian Armed Forces carried out accurate missile attacks on nine terrorist goals in Pakistan -occupied Kashmir (POK) and Pakistan under ‘Operation Sindoor’.
Expanding its previous day’s decline, the 30-shire Bombay Stock Exchange (BSE) benchmark gauge gave a tank to 424.65 points in the initial trade by 79,910.16. The National Stock Exchange (NSE) Nifty declined 144.75 points to 24,129.05.
“In normal circumstances, in such a day, the market may have faced deep cuts. But this is unlikely for two reasons. One, struggle, so far, has demonstrated India’s clear superiority in traditional war, and therefore, moving ahead of struggle will cause a lot of damage to Pakistan.
Sensex firms, Power Grid, ICICI Bank, Tata Steel, Adani Ports, Bajaj Finserv, Eternal, UltraTech Cement and Nestle were among the legs.
Larsen and Toubro jumped more than 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.
The Titan company also climbed more than 4% by the Tata Group firm, when the Tata Group firm reported a 13% increase in its consolidated profit, inspired by strong sales, after tax in the March quarter to 871 crores.
Tata Motors, Asian Paints, Kotak Mahindra Bank and State Bank of India were also beneficial. According to exchange data, foreign institutional investors (FII) bought a price of 2,007.96 crore on 8 May on 8 May.
Among the Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite Index, and Hong Kong’s Hang Seng Lower were quoted, while Nikkei 225 index of Japan did more business. The American markets ended in the positive field on Thursday (May 8, 2025.) Global Oil Benchmark Crunt Crude climbed 0.38% to $ 63.08 per barrel.
BSE Sensex recorded 411.97 points or 0.51% on Thursday (May 8, 2025) at 80,334.81. The Nifty decreased at 140.60 points or 0.58% at 24,273.80.
Published – May 09, 2025 11:01 AM IST
