Mumbai, Feb 26 : The domestic equity markets reacted sharply to the news of a retaliatory attack by Indian Air Force (IAF) on a major terrorist camp in Pakistan early on Tuesday, with both the BSE Sensex and the NSE's Nifty falling in a highly volatile session.
The benchmark index of Bombay Stock Exchange (BSE) retreated by 239.67 points to end below the 36K-level at 35,973.71 amidst geo- political uncertainty after the IAF struck and destroyed a major terrorist camp across the Line of Control in Pakistan early this morning.
The Nifty of National Stock Exchange (NSE) too declined by 44.80 points to 10,835.30. The Sensex, which had posted a solid gain of 341.90 points in a single session on Monday, slipped today by 238 points to 35,975.71 in the morning session and plunged further by nearly 499 points to hit day's low of 35,714 during the day. It recouped slightly from day's low figure in late trade but closed in red at 35,973.71, down by 239.67 points versus its last close.
The losses in sectoral indices like Finance, Capital Goods, Realty, Bankex and FMCG dragged the market down, along with scrips of HCL Tech, HDFC, ICICI Bank, Infosys and SBI. While gains in Tata Motors, Coal India, TCS and Axis Bank, along with scrips of Auto, Oil & Gas and Telecom capped its further losses, brokers informed. The broader markets also underperformed the Sensex, as the S&P BSE Mid-Cap index and Small-Cap fell by 0.27 per cent and 0.5 pc, respectively.
The market breadth was weaker on BSE, as 944 shares increased against 1,578 declined and 144 others were unchanged. Elsewhere in Asia, the equity stocks ended lower Tuesday as investors awaited more details on outcome of US-China trade talks. The US stocks pared earlier gains but still closed higher Monday after President Donald Trump said that he would delay additional China tariffs, and that there had been substantial progress in trade talks over the weekend. (UNI)