Stock market benchmark indices Sensex and Nifty tumbled over 1% every on Friday (May 9, 2025) as tensions soared between India and Pakistan, fuelling fears of a wider conflict.
Extending its earlier day’s decline, the 30-share Bombay Stock Exchange (BSE) benchmark gauge tanked 880.34 factors or 1.10% to settle at 79,454.47, in a largely range-bound buying and selling.
The NSE Nifty dropped 265.80 factors or 1.10% to 24,008.
India on Thursday (May 8, 2025) night time swiftly thwarted Pakistan’s contemporary makes an attempt to strike army websites with drones and missiles, together with in Jammu and Pathankot, after foiling comparable bids at 15 locations in northern and western areas of the nation as tensions soared between the 2 international locations.
The Indian Armed Forces (IAF) on Wednesday (May 7, 2025) had carried out exact missile strikes on 9 terror targets in Pakistan-occupied Kashmir (PoK) and Pakistan below ‘Operation Sindoor’.
A conflict was anticipated, however the market was not anticipating the scenario to accentuate, elevating considerations about its period. However, it’s nonetheless projected to be a short-lived confrontation, given the strategic benefit and the opponent’s weak financial standing.
“Interestingly, Foreign Institutional Investors (FIIs) continued to invest in the Indian market until yesterday, while retail investors remain slightly cautious at the moment,” Vinod Nair, Head of Research, Geojit Investments Limited, mentioned.
From the Sensex companies, ICICI Bank, Power Grid, UltraTech Cement, Bajaj Finance, HDFC Bank, Reliance Industries, Bajaj Finserv, Adani Ports, Mahindra & Mahindra and NTPC have been among the many laggards.
Titan Company climbed over 4% greater after the Tata group agency reported a 13% enhance in its consolidated revenue after tax at ₹871 crore within the March quarter, pushed by strong gross sales.
Larsen & Toubro jumped almost 4% after the agency reported a 25% enhance in consolidated Profit After Tax (PAT) to ₹5,497 crore for the quarter ended March 31, 2025, supported by greater revenues and an distinctive achieve.
Tata Motors, State Bank of India and Asian Paints have been among the many gainers.
Foreign Institutional Investors (FIIs) purchased equities price ₹2,007.96 crore on Thursday (May 8, 2025), in keeping with alternate information.
In Asian markets, South Korea’s Korea Composite Stock Price Index (KOSPI) and Shanghai’s Shanghai Stock Exchange (SSE) Composite index settled decrease, whereas Japan’s Nikkei 225 index and Hong Kong’s Hang Seng ended within the inexperienced.
European markets have been buying and selling greater.
US markets resulted in constructive territory on Thursday (May 8, 2025).
Global oil benchmark Brent crude climbed 1.53% to $63.80 a barrel.
On Thursday (May 8, 2025), the BSE Sensex declined by 411.97 factors or 0.51% to settle at 80,334.81. The Nifty ended decrease by 140.60 factors or 0.58% at 24,273.80.
Published – May 09, 2025 05:13 pm IST
