Share Market Registers Losses As Indo-Pak Tension Escalates
Mumbai: The benchmark BSE Sensex lost early gains on Wednesday and ended on a negative note, shedding 68 points amid escalating tensions between India and Pakistan.
Brokers said Investor developed an apprehensive stance after Pakistani fighter jets on Wednesday violated Indian air space in Jammu and Kashmir’s Poonch and Nowshera sectors.
After surging by nearly 400 points in early trade, the Sensex turned negative due to across-the-market selling by participants. The index finally settled 68.28 points, or 0.19%, lower at 35,905.43. It had lost 239.67 points on Tuesday.
Furthermore, the 50-share Nifty also fell 28.65 points, or 0.26%, to 10,806.65. Intra-day, it moved between 10,939.70 and 10,751.20.
Meanwhile, the Indian Rupee also depreciated 25 paise to 71.32 after touching a low of 71.49 against the dollar on Wednesday.