Stock market is shaking due to fear of war, Sensex-Nifty falls sharply

Tensions between India and Pakistan are increasing, which has now affected the country's stock market. On Friday morning, the main indices of the Indian stock market, Sensex and Nifty, saw a big fall. In particular, the market was hit hard when investors started selling shares due to fear of war.

Tensions between India and Pakistan have been increasing on the border for the past few days. On Wednesday, the Indian army launched 'Operation Sindoor' in Pakistan and Pakistan-occupied Kashmir to attack terrorist targets. Then on Thursday night, Pakistan tried to retaliate, sending drones and missiles to several places including Jammu and Pathankot. However, the Indian army kept them intact and destroyed them in the sky.

After this incident, there was panic in the market that a war could break out between the two countries. Investors started selling shares in this situation, due to which the Sensex index fell by 424 points to 79,910 and the Nifty fell by 144 points to 24,129.

 However, market experts say that the situation could have been worse. V.K. Vijayakumar, chief investment advisor at Geojit Investments, said that investors are largely calm after seeing the success and confidence of the Indian Army. In addition, the weakness of the global dollar and the instability of the US and Chinese economies can be positive for the Indian stock market.

Shares of several large companies fell in the market, such as Power Grid, Tata Steel, ICICI Bank, Adani Ports, Bajaj Finserv and Nestle. But shares of some companies performed well. L&T company rose 4% after reporting a 25% profit. Tata Group company Titan also rose after its share price increased by 13% profit. Share prices of Tata Motors, Asian Paints and State Bank also rose slightly.

Foreign investors bought shares worth about ₹2,000 crore on Thursday, which helped stabilize the market to some extent.

 Asian markets such as South Korea, China and Hong Kong fell, but the Japanese market rose slightly. In addition, the US market also saw an increase in indices. Oil prices in the global market increased slightly and the price of Brent crude was $ 63.08 per barrel.

The current situation and the state of the stock market in the next few days largely depend on how the tension on the India-Pakistan border increases or decreases. There may be more major fluctuations in the stock market, which may be worrisome for investors.