Nifty 50, Sensex Today, Stock Market Live: Indian markets are likely to open lower on Wednesday amid escalating India-Pakistan situation after Indian missiles struck terror infrastructure in Pakistan and Pakistan-occupied Kashmir (PoK) on Wednesday. The Gift Nifty shows nearly 100 points down as of 6:47 am.
Immediately after India’s Operation Sindoor last night, the Gift Nifty was down by around 290 points at around 3:00 am on Wednesday. However, it has recovered sharply in the morning, showing just 94 points down as of 6:55 am on Wednesday.
On Tuesday, benchmark indices Sensex and Nifty ended lower in a range-bound trade on Tuesday due to profit booking, mainly in banking and oil shares, and investors staying on the sideline amid escalating tensions between India and Pakistan.
Snapping its two days of gains, the 30-share BSE Sensex declined 155.77 points or 0.19 per cent to settle at 80,641.07. During the day, it dropped 315.81 points or 0.39 per cent to 80,481.03.
“Market volatility was aggravated by escalating geopolitical tensions between India and Pakistan, coupled with uncertainty surrounding the US Federal Reserve’s upcoming interest rate decision,” Siddhartha Khemka, head (research) at Wealth Management, Motilal Oswal Financial Services Ltd, said.
Foreign institutional investors (FIIs) bought equities worth Rs 3,795 crore on Tuesday, according to exchange data.
Global oil benchmark Brent crude rose 0.87 per cent to $62.69 a barrel.
US markets closed in the red on Tuesday. The Dow Jones fell by 0.95 per cent, S&P was down by 0.77 per cent and the Nasdaq slipped 0.87 per cent.