Overview

• Indian armed forces launched 'Operation Sindoor,' targeting nine terror sites in Pakistan and Pakistan-Occupied Kashmir in retaliation for the Pahalgam terror attack that killed 26 civilians.
• Sensex rose 105.71 points to close at 80,746.78, and Nifty gained 34.80 points to settle at 24,414.40, rebounding from early losses caused by geopolitical tensions.
• Foreign Institutional Investors (FIIs) remained net buyers, injecting ₹3,794 crore into Indian equities, contributing to market resilience despite heightened tensions.
• The India-UK Free Trade Agreement, which reduces tariffs on 99% of Indian exports, provided additional support to market sentiment and boosted specific sectors like automobiles.
• Pakistan's Karachi Stock Exchange 100 index saw a steep early drop of nearly 6%, reflecting heightened investor anxiety in the region.