On the night of 6 May, India attacked 9 terrorist bases in Pakistan. The impact of this attack will now be seen on the global stock market including India. The stock market was affected on the morning of 7 May after India’s attack on Pakistan on 6 May. The Nifty saw a decline as soon as the stock market opened. This attack of India has affected the stock market.
The Nifty Index is also trading at 24350, falling about 80 points to fall to 24350. India’s attack has affected not only on the Indian stock market but also on the global market. There is a big stir in the global market after this attack.
Japan’s Nikkei index is stable. Hong Kong’s Hangseng index is trading with a gain of 1.3%. China’s Shanghai Composite Index also increased by more than half a percent. The American futures market is also seeing an increase. Two days later, on Wednesday, selling was seen in the domestic stock market. The Sensex fell 155 points to close at 80,641. The Nifty also fell 81 points to close at 24379.
It was estimated that the major stock market index would begin with a decline today. Similarly, the Nifty declined as soon as the market opened this morning. But then it increased again. Special attention will be paid to the stores in the defense sector that can be brought into action due to operation vermilion. On Wednesday, the Indian Army attacked terrorist camps in Pakistan. This may increase tension between the two countries. Its impact on the stock market was seen.
The stock market is definitely affected after every India-Pakistan war. If we look at the Kargil War (1999), the attack on the Indian Parliament (2001), the Mumbai Taj Attack in 2008, the Uri Surgical Strike (2016) and the Pulwama-Balakot War (2019), the Indian stock market has been affected after every attack. The stock market sometimes went up and sometimes fell down. There is still an initial decline in the stock market. After this, the stock market once again saw an increase.
Earlier today, the BSE Sensex opened 180.48 points or 0.22% to 80,460.59. At the same time, NSE Nifty opened 25.60 points i.e. 0.11 per cent to open at 24,354.00. Let me tell you that before this, the gift Nifty had shown a slightly negative start. At 7:03 am, the gift Nifty closed at 24,308, declining 104 points or 0.43%. But now it is seen that it has increased once again.
The Sensex reached 80,761.92 points at 9:30 am. It increased by 120.85 points or 0.15%. At the same time, the Nifty is trading at 52.80 (0.22%) points at 24,432.40.
