Share Bazaar News: After the missile attacks on the terrorist bases in Pakistan-occupied Kashmir (POK) and Pakistan, the local stock markets were extremely volatile on Wednesday. However, the standard index Sensex and NIFTY closed with a slight edge. The BSE’s 30-share standard index Sensex climbed 105.71 points, or 0.13 per cent, closed at 80,746.78 at the end of the Sensex Sensex fluctuating trading.
At one time during trading, the Sensex went up to the upper level of 80,844.63 points and came to a low of 79,937.48 points. The National Stock Exchange (NSE) standard index Nifty also rose 34.80 points, or 0.14 percent, closed at 24,414.40 points. During the trading, the Nifty wandered between high levels of 24,449.60 and low levels of 24,220.Also Read: Stock market was also affected by Operation Sindoor, Sensex and NIFTY have heavy ups and downs in early trade
Missile attacks on 9 terrorist bases: Last month, in response to a major terrorist attack on tourists in Pahalgam, Jammu and Kashmir, the Indian Army carried out missiles on 9 terrorist bases in Pakistan and Pakistan-occupied Kashmir (PoK) in the early hours of Wednesday. These bases also include the stronghold of the terrorist organization Jaish-e-Mohammed and Muridke, the base of Lashkar-e-Taiba.
Prashant Tapse, Senior Vice President (Research) of Mehta Equality Limited Said that even though the market was seen fluctuating during trading in the market after military action against the cross-border terrorist network, in the end it was successful in removing uncertainty. The market perception will be cautious due to the tension associated with the Indo-Pak war, but in the next few days, market fluctuations can be seen with share-specific activities.
Shares of these major companies fluctuate: Among the Sensex companies, Tata Motors, Bajaj Finance, Internal, Adani Ports, Tata Steel, Titan, Mahindra & Mahindra and Power Grid closed with gains. On the other hand, shares of Asian Paints, Sun Pharma, ITC, Nestle, Reliance Industries and HCL Tech saw a decline. According to the stock market data, foreign institutional investors (FIIs) on Tuesday bought shares worth Rs 3,794.52 crore.ALSO READ: Listing of Ether Energy shares in the market, how was it started?
Pankaj Singh, founder and prominent researcher of Smartworth.AI Said that the ‘Operation Sindoor’ run by the army creates immediate instability in geopolitical stress markets such as Indo-Pak deadlock. Although caution is appropriate in the short term, history suggests that Indian markets show strong combinations when clarity comes. Indo-Pak stress has not had any permanent negative impact due to lack of comprehensive economic or global shock. In such a situation, investors should focus on basic things instead of fear.Also Read: Share Bazaar: Sustainable flow of foreign funds opened with stock market gains, Sensex 387 and NIFTY 114 points
In Asian and American markets: Other markets in Asia stood in South Korea’s Korea, Chinese Shanghai Composite, and Hong Kong’s Hangseng profit, while Nikki 225 index of Japan declined. Europe’s markets were trading within a negative scope in the afternoon session. There was a decline in American markets on Tuesday.
Free trade agreement in India and Britain: India and Britain on Tuesday announced the completion of a historic free trade agreement that mentions the removal of fee on 99 percent of Indian exports and facilitating the export of whiskey, cars and other products in India for British firms.
Global Oil Standard Brent crude (Brent Crude) Rimid 0.64 percent to $ 62.55 per barrel. The BSE Sensex fell 155.77 points on Tuesday to 80,641.07 points and NSE Nifty declined 81.55 points to 24,379.60 points. (Language)
Edited by: Ravindra Gupta
