Indian stock markets reacted cautiously after Pakistan’s failed aerial strike attempts triggered heightened security alerts. Defence stocks gain while broader indices see early volatility.
Mumbai | May 9, 2025 –
Indian stock markets opened on a jittery note Friday morning as geopolitical tensions between India and Pakistan deepened following a failed Pakistani missile and drone attack in response to India’s Operation Sindoor.
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The BSE Sensex opened 500 points lower, after briefly plunging over 1,300 points during pre-market trades. The Nifty 50, which had momentarily dipped below the 24,000 mark, managed to recover and open at 24,111, signaling limited panic but sustained caution.
📊 Market Snapshot (as of 10:30 AM IST)
- Sensex: 79,954
- Nifty: 24,111
- Defence Stocks: Mixed momentum; BEL and L&T among gainers
- Banking & Cement: ICICI Bank, Ultratech Cement led the losers
- Other Movers: Tata Motors, Titan showed early strength
🛡️ Geopolitical Overhang
The sharp market dip followed Pakistan’s attempted military strikes late Thursday night targeting Indian military installations. All incoming aerial threats were successfully intercepted by India’s defence systems, but investor sentiment turned cautious amid fears of further escalation.
India had launched precision air and missile strikes across terror bases in Pakistan and PoK earlier this week in retaliation to the April 22 Pahalgam terror attack that killed 26 civilians.
📈 Sector Watch:
- Defence & Infrastructure: Stocks like Bharat Electronics Ltd (BEL) and L&T showed early gains on expectations of increased defence spending.
- Automobiles: Tata Motors was among top gainers on operational strength.
- Financials & Cement: Under pressure, likely due to uncertainty over infra projects and interest rate sensitivity.
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🔍 What Analysts Say:
“While the geopolitical situation has triggered near-term volatility, markets are holding up relatively well due to underlying macroeconomic strength. However, any further escalation could impact risk appetite,” said a market strategist at a leading brokerage.
🏷️ Tags:
Sensex today, India Pakistan tensions, Operation Sindoor impact, Nifty 50, market opening, defence stocks rally, BEL, Titan, Tata Motors, stock market news, OperationSindoor,