📉 Market Update – May 9, 2025

• 🇮🇳 Geopolitical Tensions Spike:
  The Indian Army reported overnight drone and munition attacks by Pakistani forces along the western border, with blasts in Jammu targeting military sites in Kashmir. This marks the second consecutive day of cross-border hostilities.
• ⚠️ Investor Sentiment Hit:
  Rising tensions between the two nuclear-armed nations have triggered sharp declines in Indian equity markets.
• 📊 Market Indices Deep in Red:
  • Sensex: Down 971 points (-1.21%) at 79,363.40
  • Nifty50: Slipped 293 points (-1.2%) to 23,981.10
  • Both indices had opened nearly 1.5% lower before recovering slightly.
• 🧨 What’s Dragging the Market:
  Fears of escalation, risk-off global sentiment, and cautious investor positioning ahead of the weekend.
• 🔍 Outlook Ahead:
  Volatility likely to remain elevated as developments along the border unfold.