Indian Stock Market: Sensex Falls 500 Points After Pakistan's Military Escalation

The Indian stock market opened in the red on Thursday morning due to rising military tensions with Pakistan. This came after India started a strong anti-terror operation following a deadly terror attack in Pahalgam. Last night, Pakistan responded by trying to launch missile and drone attacks on Indian military bases and some cities. But the Indian defense forces successfully stopped these attacks.

Also Read: KSE100 Crashes 6% After Explosions in Pakistan; Trading Halted Amid India Tension

Markets Recover Slightly After Early Fall

Before the Indian stock market officially opened, the Sensex had dropped more than 1,300 points. However, it quickly recovered and opened just 500 points lower. The Nifty index, which had briefly fallen below 24,000, bounced back above that level by 9:15 am.

Top Gainers and Losers in Sensex

Among the 30 companies listed on the Sensex:

• Gainers: Titan, Larsen & Toubro (L&T), BEL, and Tata Motors.
• Losers: Power Grid, ICICI Bank, Ultratech Cement, and Eicher Motors.

At around 10:30 am, the Sensex stood at 79,954 points, while Nifty was at 24,111 points—showing some signs of recovery.

What Sparked the Conflict?

India recently launched "Operation Sindoor", targeting terrorist camps in Pakistan and Pakistan-Occupied Kashmir (PoK). This operation came after a terror attack in Pahalgam. In response, Pakistan carried out military action against India, escalating the tension between the two nations.

Also Read: Operation Sindoor: Why Indian Stock Markets Didn't Panic