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Stock Market LIVE: Sensex Tanks 700 pts as Escalating Indo-Pak Tensions Rattle Dalal Street

  • By admin
  • May 9, 2025
  • 22 Views

📉 Sensex Drops 700 Points: Indian equity markets opened sharply lower as geopolitical tensions between India and Pakistan spooked investors.

💥 Indo-Pak Conflict Escalates: The drop follows overnight missile and drone attacks by Pakistani forces on military targets in Jammu & Kashmir, reported by the Indian Army.

📊 Nifty Below 24,000: Nifty50 also slipped significantly, mirroring the broad market sell-off across sectors.

📉 All Major Sectors in Red: Barring select defence and drone stocks, most sectoral indices, including banking, auto, and realty, traded deep in the red.

🛡️ Defence Stocks Surge: Stocks linked to defence and drone technologies rallied up to 17% on expectations of increased government spending amid rising tensions.

📈 India VIX Spikes: The volatility index surged over 7%, indicating heightened market nervousness.

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