ANI
07 May 2025, 19:43 GMT+10
Mumbai (Maharashtra) [India], May 7 (ANI): Stock markets ended on a positive note on Wednesday, the day India carried out precise strikes on terror infrastructure in Pakistan and PoJK in reponse to the Pahalgam terror attack, with both Sensex and Nifty making marginal gains.
The Indian stock markets witnessed some volatility in the early hours of trade, remained flat towards the later part of the day and closed in green.
At the end of the trading on Wednesday, the BSE Sensex was up 105.71 points or 0.13 per cent at 80,746.78. Nifty 50 at the National Stock Exchange (NSE) was up 34.80 points or 0.14 cent at 24,414.40.
According to the market experts, three factors contributed towards the positive sentiments in the markets despite geo-political tensions. The India-UK free trade agreement, continuous foreign inflows and no sign of escalation between India and Pakistan - shaped the market in a positive mood.
The Nifty opened in a negative territory at 24,233, driven by heightened geopolitical concerns following escalating tensions between India and Pakistan. Following Indian strikes on Pakistan and Pakistan-occupied Kashmir, a broad market downturn ensued.
However, Nifty staged a sharp recovery from the opening tick, reaching an intraday high of 24,449. After an hour of heightened volatility, the index settled into a sideways range.
Sectorally, strength was observed in Auto, Consumer Durables, Metals, Realty, and Energy, while weakness was evident in Consumer Goods, Pharma, and the Healthcare Index.
Observing today's trade, VLA Ambala, SEBI Registered Research Analyst and Co-Founder of Stock Market Today, said, 'Indian markets witnessed resilience, despite increased geopolitical tensions after India's pre-dawn military attacks under 'Operation Sindoor'. The market's composed reaction reflects a mature investor sentiment.'
Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity, said, 'On the global front, traders remained cautious ahead of the Fed's interest rate decision, with eyes also focused on the U.S. economic outlook.'
According to the market analysts, the potential fallout of India's retaliation had already been priced in. This resilience is being tested by other prevailing global uncertainties.
The intensifying US-China tariff war has worsened the slowdown in global trade, which had reached 60 per cent of world GDP in 2024.
Additionally, while the US has increased its imports from Mexico and Vietnam, Beijing is dominating major imports.
Meanwhile, higher tariffs on Chinese goods have sparked concerns over tariff-triggered dumping in nations like India, posing risks to the global supply chain and domestic industries, which will be on the radar of investor, said the experts.
Twenty-six people were killed in the terrorist attack in Pahalgam on April 22. The government had said that the perpetrators will face severe punishment. (ANI)
Get a daily dose of South America Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South America Times.
More InformationMOSCOW, Russia - Russia came to a standstill on Friday as the nation commemorated its victory over Nazi Germany in the second World...
DHAKA, Bangladesh: Thousands of supporters of the Islamist group Hefazat-e-Islam took to the streets of Dhaka to protest proposed legal...
Pope Leo XIV, has spoken publicly for the first time since his election as Pope to succeed Pope Francis who died on Easter Monday....
The EU on Wednesday called on India and Pakistan to take immediate steps' to de-escalate after India fired missiles into Pakistani-administered...
WASHINGTON, D.C.: President Donald Trump's administration is planning to cut many jobs at the CIA and other U.S. spy agencies, according...
BOISE, Idaho: Seven people died, and eight were hurt when a van carrying tourists crashed into a pickup truck and caught fire near...
JERUSALEM - Despite a looming escalation of the war in Garza with tens of thousands of reservists being called up for a major ground...
Chinese President Xi Jinping meets with Venezuelan President Nicolas Maduro on the sidelines of the celebrations marking the 80th anniversary...
Chinese President Xi Jinping meets with Cuban President Miguel Diaz-Canel on the sidelines of the celebrations marking the 80th anniversary...
New Delhi [India], May 9 (ANI): Congress President Mallikarjun Kharge on Friday congratulated Pope Leo XIV, wishing that his pontificate...
For Africans, Victory Day was not just about the fall of Hitler, but about the idea that brutal regimes could fall at all Victory...
Several EU countries closed airspace to the respective leaders who were en route to the Russian capital Serbian President Aleksandar...