Stock Market Update: Fall in Nifty and Sensex, Defence Stock Rises, Check What Experts Suggest on Investment

Nifty, Sensex and other indices fell more than 1% today. This is due to fear among investors on the account of growing tension between India and Pakistan. Experts do not see long-term impact on the stock market of current situation.

author-image
DNP DESK
New Update
Stock Market Update

Stock Market Update Photograph: (Stock Market Update)

Stock Market Update: Nifty and other benchmark indices opened down by more than 1% today. Nifty opening was at 23935 today after its closing at 24273 yesterday. Sensex was closed at 80334 yesterday and it opened today at 78968. If Operation Sindoor persists, market is expected to be volatile as per experts.

Reasons of Falling Nifty and Other Indices

Nifty has dropped suddenly today morning. The index is stressed due to current  geopolitical tensions between India and Pakistan. The Indian army has asserted that Pakistan’s armed forces launched multiple attacks using drones and other weapons along India’s western border for last two days. Indian forces defended by failing all these attacks. On the account of escalating tensions, investors are fearful. Currently Nifty is moving around 24000. Today defence stocks are showing gain as investors are shifting their money into these stocks as panic over India-Pakistan tension is increasing.
The Nifty and Sensex grappled to remove losses from opening lows as sentiment of removing risk increased monitoring increased India-Pakistan conflict.

Rise in the Nifty India Defence Index

Nifty Defence stocks showed gains as shares like Solar Industries and Hindustan Aeronautics Ltd (HAL) rose significantly amidst growing tensions between India and Pakistan. The Nifty India Defence Index tracks the performance of defence sector companies listed on the National Stock Exchange (NSE). The index is currently up by 2.47% in which Bharat Dynamics, Paras Defence & Space, and Zen Technologies are toppers with more than 5% rise.

Will Market Continue Down, Know What Experts Say

As per experts, India-Pakistan tensions may disturb stock market in the short term but there is less chance that it can disrupt the current market rally. Foreign institutional investors are continuously investing even after increasing tensions between India and Pakistan. It will support Indian market in the coming months, even after short-term volatility due to geopolitical fears. Although there is intensifying tensions between India and Pakistan, experts do not expect the situation to turn into a full-fledged war.

Nifty Sensex Stock market