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Indian Equity Markets Decline as India-Pakistan Tensions Escalate

Geopolitical uncertainty following terror attacks in Kashmir and border ceasefire violations drives sharp sell-offs across indices.

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Sensex, Nifty
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Overview

  • The Nifty 50 fell 0.86% to close at 24,039.35, while the Sensex dropped 0.74% to 79,212.53, reversing early gains.
  • Midcap and small-cap indices faced steep losses, declining by 2.55% and 2.45%, respectively, as market breadth remained negative.
  • The India Vix volatility index rose 6%, reflecting heightened investor fear amid geopolitical turmoil.
  • Defensive IT stocks like TCS, Infosys, and Tech Mahindra outperformed, while financials, auto, and commodity-linked shares lagged.
  • Foreign Institutional Investors showed resilience, purchasing equities worth ₹8,250.53 crore despite the broader market downturn.