Stock Markets record losses post Indian Army’s surgical strikes on militants across LoC

The BSE sensex opened on Thursday at 28,423.14. Sensex plummeted to 465.28 points to end at 27,827.53; Nifty fell 153.90 points to close at 8,591.25

India’s benchmark Sensex Index dipped more than 460 points after India’s director general of military operations Ranbir Singh said that the Indian Army had carried out surgical strikes on terrorist camps across the LoC.

Major Sensex losers were Adani Ports ICICI Bank Sun Pharma Tata Steel and Tata Motors while TCS was one of the only gainer.

Among BSE sectoral indices, realty, power, metal and healthcare were the worst affected.

Oil shares helped to drive regional stock markets to higher levels on Thursday after OPEC members agreed to cut down the supply of oil in a surprise deal. However the investors are keeping a close tab on the outcome of the US presidential elections.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.9 per cent by mid-morning, owing to a surge in energy shares, but other markets such as Hong Kong were trading near at lower levels after an initial jump.