Kolkata: Indian stock market indices Sensex 30 and Nifty 50 opened in the green on Thursday, May 8, continuing the upbeat trend despite the intensification of geopolitical tension along the Indo-Pak border after India struck terror camps in Pok and Pakistan. As trading began at 9:15 am, BSE Sensex stood at 80,861.51 points, up 114.73 points or 0.14%, while Nifty was trading at 24,427.45 points, up 13.05 points or 0.053%.
Significantly, despite the heightened tension along the India-Pakistan border following India’s missile attack on terror sites in PoK (Pakistan occupied Kashmir) and Pakistan, the Indian markets ended the session in the green. Sensex 30 rose 105.71 points or 0.13% to end the day at 80,746.78 points while Nifty 50 ended at 24,414.40 points, up 34.80 points or 0.14%.
Analysts maintained that the market on Thursday will be under three-four triggers — watch on the possibility of escalation of conflict on the border, the US Fed rate cut (which did not happen), development on the US tariff front and possible FII action. Also the Indian rupee fell significantly on May 6 and 7 against the US Dollar. However, on May 8, the rupee rose 16 paise to touch 84.61 against US dollar in early trade.
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Both Sensex 30 and Nifty 50 opened in the green on May 8 in early trade. Analysts have said that trading will have three triggers today — the geopolitical tension in the region, US Fed decision to hold rates steady and tariff-related uncertainty. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
