Overview

• Indian equity indices Sensex and Nifty opened sharply lower on May 9, reflecting continued investor anxiety over India-Pakistan tensions.
• The markets rebounded significantly after an early plunge, with Sensex recovering nearly 1,065 points to 80,032.93 and Nifty regaining over 220 points to 24,158.70.
• The India VIX fear index rose to 22.73 in early trading before settling lower, indicating persistent market volatility.
• Escalating cross-border hostilities, including drone and missile attacks by Pakistan and retaliatory Indian strikes, have fueled investor caution.
• Analysts advise investors to remain calm, citing India's strong economic fundamentals and historical resilience during past geopolitical crises.