The impact of Operation Sindur, the Indian Army's response to the Pulwama attack, is clearly visible in the financial markets. Early Wednesday morning trading showed weakness in the stock market.
Business News: Following the Indian Army's air strikes against Pakistan under Operation Sindur, the Indian stock market has experienced significant pressure. On Wednesday, both the Asian and Indian markets witnessed declines. Market experts believe that Operation Sindur and the escalating tensions between India and Pakistan have impacted investor sentiment, creating considerable uncertainty and nervousness in the market.
Significant Decline in the Indian Market
On Wednesday, the Sensex initially fell by 398 points. Around 9:30 AM, the Sensex was trading at 80,242.64 points, reflecting a 0.9 percent decline. Meanwhile, the Nifty also experienced a downturn, opening at 24,355.25, down 24.35 points or 0.10 percent.
This decline in the Sensex and Nifty indicates increased volatility in the Indian stock market. According to experts, Operation Sindur and related developments concerning Pakistan have negatively affected investor sentiment. As a result, investors have become cautious and begun reducing their holdings, leading to the market downturn.
Decline in Asian Markets as well
Not only the Indian market, but Asian markets also showed a downward trend. The Nifty fell by 62 points, approximately 0.25 percent. During this time, the Nikkei index fell 0.05 percent to 36,813.78. Additionally, the Taiwanese stock market fell by 0.11 percent, trading at 20,518.36.
However, the Hang Seng index increased by approximately 1.31 percent, reaching 22,959.76. Similarly, the Kospi saw a 0.31 percent increase, while the Shanghai Composite rose 0.62 percent to trade at 3,336.62.
