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Showing posts with the label India-Pak tensions

Sensex surges 2,300 points, Nifty tops 24,700 after India-Pak ceasefire calms D-Street

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[hfe_template id='11223'] [ad_1] Indian benchmark indices, Sensex and Nifty50, jumped sharply on Monday following the weekend announcement of a temporary "pause" in hostilities with Pakistan. However, the relief rally may be short-lived if border tensions flare up again. At 10 am, the BSE Sensex was up 2,376 points or 2.88%, at 81,830.65, while the Nifty50 rose 705 points, or 2.94%, to 24,713 points. The ceasefire between India and Pakistan held on Saturday, after intense overnight fighting between the nuclear-armed neighbours. The conflict, the most serious in nearly three decades, began on Wednesday when India launched strikes on nine terror sites in Pakistan—retaliating for an earlier attack in Kashmir that killed 26 people. However, Indian military officials reportedly sent a "hotline message" to Pakistan on Sunday, flagging ceasefire violations and warning of a potential response if provocations continued. Live Events From the Sensex pack, Adani ...

Sensex tumbles over 900 points, Nifty below 24,000 as investors turn cautious amid rising border tensions

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[hfe_template id='11223'] [ad_1] Indian benchmark equity indices, Sensex and Nifty, opened lower on Friday as investor sentiment weakened amid escalating tensions between India and Pakistan. Selling pressure was seen across all sectors. The BSE Sensex was down 971.41 points or 1.21 points at 79,363.40, while the Nifty50 declined 292.7 points or 1.21% to 23,981.1 around 10:08 am. The market capitalisation of all listed companies on BSE declined by Rs 4.95 lakh crore to Rs 413.55 lakh crore. The situation remains tense following India’s precision missile strikes on May 6–7, which reportedly targeted and destroyed nine terror camps in Pakistan and Pakistan-occupied Kashmir. Meanwhile, on Thursday night, multiple explosions were reported in Jammu after Pakistan launched drone and missile attacks. This marked the second straight day of cross-border clashes, which have reportedly claimed nearly four dozen lives. Live Events Despite the geopolitical tensions, foreign portfolio ...