Sensex, Nifty face volatility after Operation Sindoor
Stock Market Today: The Sensex was down 226 points, while Nifty traded at 24,302. The benchmark indices witnessed high volatility after India avenged Pahalgam terror attack by launching strikes on terrorist infrastructure in Pakistan and Pakistan-occupied Kashmir (PoK).
Mumbai:
The BSE Sensex declined 226 points to 80,415.02 in morning trade on May 7, 2025. The NSE Nifty was down 76 points to 24,302.95. All market investors are keeping their fingers crossed as Indian armed forces carried out ‘Operation Sindoor’ early Wednesday which to terrorist infrastructure in Pakistan and Pakistan-occupied Kashmir (PoK).
Meanwhile, the markets are facing extreme volatile trends in the morning trade. The 30-share BSE benchmark hit the day’s high of 80,844.63 and an intra-day low of 79,937.48. The broader Nifty hit a high of 24,449.60 and a low of 24,220.
Stock Market Updates Today
Commengting on the stock market movement after Operation Sindoor, VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that one has to wait and watch how Pakistan reacts to Indian armed forces focused and non-escalatory strikes.
“What stands out in ‘Operation Sindoor’ from the market perspective is its focused and non-escalatory nature. We have to wait and watch how the enemy reacts to these precision strikes by India. The market is unlikely to be impacted by the retaliatory strike by India since that was known and discounted by the market,” VK Vijayakumar said.
The benchmark indices Sensex and Nifty witnessed high volatility after India on early Wednesday launched missile strikes on nine terrorist hideouts in Pakistan and Pakistan-Occupied Kashmir. including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba’s base in Muridke.
The expert was of the view that the sustained buying by foreign investors in the last 14 trading days has helped the domestic market. FII’s have infused a cumulative figure of Rs 43,940 crore in the cash market in the mentioned time period, he said.
Foreign Institutional Investors (FIIs) spent Rs 3,794.52 crore on Tuesday to buy equities in the domestic market.
“FIIs are focused on the global macros like weak dollar, slower growth in the US and China in 2025, and India’s potential outperformance in growth. This can keep the market resilient. However, investors have to watch the developments in the border,” Vijayakumar added.
Sensex firms laggards: Nestle, Hindustan Unilever, Sun Pharma, HCL Tech, Asian Paints, and UltraTech Cement.
“Markets now hinge on three catalysts: further military action, global tariff progress, and the US Fed’s policy decision on May 7,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
The Sensex declined 155.77 points to end at 80,641.07 on Tuesday. The Nifty dipped 81.55 points to finish at 24,379.60.
Gainers: HDFC Bank, IndusInd Bank, Bajaj Finance, Power Grid, Tata Motors, and State Bank of India.
Asian market: Hong Kong’s Hang Seng, South Korea’s Kospi, and Shanghai’s SSE Composite traded in Green while Japan’s Nikkei 225 traded lower. The US stock markets ended lower on Tuesday.
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