Stock Market Closing Bell: The Indian stock market closed down on Thursday (May 8) amidst a mixed perception in global markets due to India’s action against Pakistan after the Pahalgam attack. On the night of 7-8 May, Pakistan tried to attack several military bases in northern and western India. In response, India destroyed the Lahore air defense system. After these developments, the concerns of investors increased and in the last hour the selling dominated the market.
On Thursday, the 30 -share Sensex of BSE strengthened to 80,912.34 points. During trading, most of the time it was trading at a stable level. However, after the tension with Pakistan increased, the index at the end of the business saw the selling pressure. Finally, the Sensex closed at 80,334.81 with a decline of 411.97 points or 0.51%.
Fiscal Deficit: Will India-Pakistan conflict affect the fiscal deficit? Learn in detail
Similarly, the Nifty-50 of the National Stock Exchange (NSE) also opened rapidly. The index continued to fluctuate frequently during the trading. Finally, the Nifty closed at 24,273.80 with a decline of 140.60 points or 0.58%.
Major trigger points determining market activities
Mixed developments in global markets, the stance of the US Federal Reserve ‘as is going on at interest rates’, and the tension on the border between India and Pakistan after ‘Operation Sindoor’ will be the major factors for the Indian stock market today. In the last session The Sensex rose 105.71 points or 0.13 percent to 80,746.78 and NSE Nifty closed 34.80 points or 0.14 percent to close at 24,414.40.
Global market
China’s CSI 300 in Asian markets increased by 0.16 percent while Shanghai fell 0.01 percent. Hong Kong’s Hangseng rose 0.45 percent and Japan’s Nikkei rose 0.07 percent, while Australia’s ASX 200.12 percent increased.
The Wall Street Index rose on Wednesday. The market rose due to an increase in semiconductor shares. According to reports, the rules on artificial intelligence chips will be relaxed. This led to a boom in semiconductor shares. Nasdaq increased by 0.27 percent, S&P 500 0.43 percent and Dow Jones 0.7 percent.
The Fed kept the interest rates stable.
The US central bank Federal Reserve kept interest rates stable on Wednesday. But still, the risk of both inflation and unemployment has increased. This has made the economic scenario even more bleak. Anyway, the US central bank is struggling with the results of Tariff policies of Trump Administration.
Fed said in a policy statement that the overall economy is “growing at a good pace. The decline in production in the first quarter was due to record imports before the new tariff came into force.”
Fourth quarter results today
Asian Paints, Bharat Forge, Biocon, Britannia, Canara Bank, Chambal Fertilizers & Chemicals, Escorts Kubota, Idea -Forge Technology, IIFL Finance, L&T, MCX, Titan, Sula Wineyards, Union Bank of India, G Entertainment Antimies and other companies today Will announce
