Stock markets fall in volatile trade on rising India-Pakistan tensions
The Hindu
Sensex drops 412 points amid India-Pakistan tensions, banking, FMCG, and auto shares sell-off, global markets stable.
Benchmark Sensex declined by nearly 412 points in a volatile session on Thursday (May 8, 2025) due to selling in banking, FMCG and auto shares triggered by escalating tensions between India and Pakistan.
The 30-share Sensex declined by 411.97 points or 0.51% to close at 80,334.81 with 23 of its constituents ending in the red. The index opened higher and traded in a range in the first half of the session. The index hit a high of 80,927.99 in late-morning deals.
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However, the barometer lost momentum in the afternoon session as selling emerged in FMCG, auto, and select banking shares. It tanked 759.17 points or 0.94% to hit a low of 79,987.61 in the pre-close session.
The NSE Nifty closed lower by 140.60 points or 0.58% to 24,273.80. Intra-day, it fell 264.2 points or 1% to 24,150.20.
Indian Armed forces foiled attempts by the Pakistani military to engage a number of military targets in Northern and Western India using drones and missiles last night and destroyed a Pakistani air defence system in Lahore, officials said on Thursday (May 8, 2025).
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