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Operation Sindoor Impact on Stock Market: Operation vermilion run by the Indian Army against Pakistani terrorists has had a direct impact on the stock market. Due to this action, there is chaos in Pakistan’s stock market and there has been a decline of about 6 percent in the Karachi stock index. During the initial trade, KSE-100 declined by 6272 points and came to 107,296.64. The Karachi Stock Index closed on Tuesday at 113,568.51 a day earlier.
On the other hand, the Indian stock market immediately recovered after opening in the Red Zone on Wednesday morning. In such a situation, the question is arising as to how Operation Sindoor saluted the Indian market on one side, on the other hand, why did Pakistan’s stock market be bled in this way?
How Indian market is standing
In fact, the market experts believe that foreign investors are standing firmly with the Indian market and are expressing full confidence. Dr. Vijay Kumar, Chief Investment Strategist of Jijit Financial Services, says that the most important thing is that this entire operation was not provoking.
During the last 14 sessions, foreign institutional investors have added Rs 43,940 crore to Indian equity. Apart from Bhurajnic stress, he has expressed his full faith in the Indian stock market. Along with this, India’s strong economy and the weak China and the economic pace of American have also worked in its favor. Foreign investors expressed their confidence in the stability and strong currency of the Indian market.
However, on the one hand, where the market has bounced back, there is also a policy of business tension in the minds of investors and the upcoming American Federal Reserve today.
Pakistan’s market
On the other hand, there is a situation of chaos in the stock market of Pakistan. Since April 23, it has declined by 9,930 points. 26 tourists were killed in an attack in Pahalgam, Kashmir. Its direct wire was found to be connected to Pakistan. After this, taking action, India announced to reduce the number of Pakistan diplomats and cancel the Indus Water Agreement, along with cancellation of exemption in SAARC visa.
22 April Pahalgam After the terrorist incident, the benchmark KSE-100 index of Karachi Stock Exchange on April 24 had broken 2,485 points within minutes as soon as the business started.
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