Markets Slide Amid Military Escalation
D-Street took a hit today as India-Pakistan tensions flared.
Sensex fell 412 pts to 80,335 while the broader Nifty slipped 141 pts to end at 24,274
Tensions escalated after the Defence Ministry revealed that Indian forces targeted Pakistani air defence radars — including one in Lahore.
Pakistan claims it shot down 25 Indian drones.
Sector Snapshot
Financials led the decline, HDFC Bank down nearly 1%
Mid & Smallcaps* saw heavy selloff
Nifty Midcap 100: -2.5%
Nifty Smallcap 100: -1.9%
Bright Spot: Tata Motors rallied 3.5% intraday
— buoyed by buzz around the India-UK trade deal & demerger plans
-Up 9% in 2 days
-Rebounded 30% from April lows
Volatility on the rise
VIX spiked to 21.84 — the highest since April 9 — as geopolitical fears weigh on sentiment.
That’s all for today, keep listening to ETMarkets for more.
