Kolkata: Fifteen days after terror strikes in Pahalgam that took 26 lives of Indian civilians, India struck back as missiles rained on terror sites in Pakistan occupied Kashmir to demolish the terror infrastructure that was flourishing across the border for decades. Indian air force struck as any as nine sites to bring down training centres and other resources of terrorist groups such as LeT, Jasih-e-Mohammad and Hizbul Mujahideen.
The Indian attack took place from 1 am on May 7. Though India did not hit any civilian or military targets in Pakistan, the sound of a wider military conflict could not be ruled out with heavy shelling reported at the border from both sides. The moot point is what to expect when trading begins in the Indian stock market on Wednesday, May 7, 2025.
Sensex, Nifty ended down on May 6
When markets closed on Tuesday, Sensex 30 ended the trading session at 80,641.07 points, down 155.77 points, or 0.19% while Nifty 50 ended the session at 24,379.60 points, down 81.55 points or 0.33%. Investment experts indicated that the heightened tension across the border will have a negative impact on investor sentiments and the market is likely to open lower.
“Though there has been reports that the economy of Pakistan will suffer a far far bigger damage than that of India in case of a military conflict, investor sentiments will be negatively affected. Now it remains to be seen wehther the conflict escalates and how the market behaves in that case,” said Nilanjan Dey, director Wishlist Capital and an investment tsrategist for more than two decades. He also pointed out that the situation may trigger investor interest in defence stocks though.
Analysts pointed out geopolitical tension between India and Pakistan brought the rally over the past two weeks to a halt. However, as the tension escalated after India vowed to retaliate after the Pahalgam terror attack, investors in the Pakistan stock market showed great nervousness and tanked. In comparison, the Indian markets have been far more resilient. Incidentally, Sensex rose from about 79,600 points on April 22 to the present level of 80,641 points on May 6, while Nifty rose from the level of 24,167.
While India began the retaliatory air strikes after 1 pm, reports emanating on Wednesday morning indicated that more than 100 terror elements have been eliminated in the attacks. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
