Markets Slide Amid Navy Escalation
D-Road took successful at this time as India-Pakistan tensions flared.
Sensex fell 412 pts to 80,335 whereas the broader Nifty slipped 141 pts to finish at 24,274
Tensions escalated after the Defence Ministry revealed that Indian forces focused Pakistani air defence radars — together with one in Lahore.
Pakistan claims it shot down 25 Indian drones.
Sector Snapshot
Financials led the decline, HDFC Financial institution down almost 1%
Mid & Smallcaps* noticed heavy selloff
Nifty Midcap 100: -2.5%
Nifty Smallcap 100: -1.9%
Vivid Spot: Tata Motors rallied 3.5% intraday
— buoyed by buzz across the India-UK commerce deal & demerger plans
-Up 9% in 2 days
-Rebounded 30% from April lows
Volatility on the rise
VIX spiked to 21.84 — the very best since April 9 — as geopolitical fears weigh on sentiment.
That is all for at this time, maintain listening to ETMarkets for extra.
