
Stock Market Today: The direct impact of tension between India and Pakistan is being seen on the stock market of both countries. After the Pahalgam attack, the investors have a huge fear at an atmosphere between the two countries and after the deteriorating relationship. Despite the positive trends in the global market on Friday, the Indian stock market went to Lal after opening the green mark in the beginning. That is, after the initial lead, both Sensex and Nifty have seen a decline.
As soon as the market opens at around 9.20 am, the Sensex is trading at 79,830.15 by climbing 28.72 points or 0.04 percent. While the Nifty reached the level of 99.80 points, or 0.41 per cent, at the level of 24,346.50. But after the initial Green, the stock market saw a decline. After this, at around 10 am, the Sensex broke down 881.49 points to 78,919.94, while on the other hand the Nifty fell by 285.05 points to 23,961.65.
Indo-Pak tension impact on the market
The Sensex has fallen by about 800 points, while Nifty is below 24000. The Indian stock market was a decline after a day earlier on Thursday after a seven -consecutive day lead. The Sensex fell at 315.06 points i.e. 0.39 percent to close at 79,801.43 while the Nifty 50 was slipped to 82.25 points i.e. 0.34 percent to close at 24,246.70.
After the action from India, Pakistan has given a break to all business activities with New Delhi. Apart from this, it has warned that if any attempt is made to stop the water flow by breaking the Indus water agreement, then the action of war will be considered. This step from Pakistan came after diplomatic action on Islamabad after a deadly terrorist attack in Pahalgam by India.
Indo-Pak tension impact on the market
Kranti Bathini, the equity strategy director of Wealth Mills Securities Private Limited, says that there has been a boom in the market. The markets have increased to 24,400 levels from the level of 22,000. Therefore, there is a tendency of profits after this fast. In addition, rising geopolitical stresses are motivated investors to make some profits and stay in cash. “
However, TCS benefited the most and its stock rose about 0.7 percent. After this, Infosys showed an increase of 0.67 percent. The Induslnd Bank stock showed 0.31 percent and HDFC shares showed a slight increase of 0.08 percent.
Global market boom
If we talk about global markets, then the rise in Wall Street led to positive indication in Asian markets. South Korea’s shares have seen a rise. Japan’s Nikkei rose up 1.23 percent, while South Korea’s Kospi slipped down 0.63 percent.
Similarly, if you talk about S&P, then it increased by 2.03 percent. Nasdaq composite 2.74 percent, while Dou Jones climbed up with 1.23 percent. According to reports, Federal Reserve officials say that if there is clear evidence about the direction of Economy, they can consider cuts in rates early in June. Taiwan’s market is trading at 2 percent to 19,880.39, while Hangseng has risen at a level of 22,256.11 with a rise of 1.55 per cent.
Pakistan’s stock market declines
On the other hand, if we talk about Pakistan’s stock market, then after the action of the Government of India on the incident of Pahalgam, there has been a stir in Pakistan’s stock market for the last two days. On Thursday, there was a decline of about 200 points in the Karachi Stock Index.