Operation Sindoor impact on stock market today: Nifty50 ends below 24,050; BSE Sensex tanks 880 points on India-Pakistan tensions

Operation Sindoor impact on Indian stock market today: Stock market indices Nifty and Sensex declined significantly by over 1 per cent on Friday amid escalating tensions between India and Pakistan. The NSE Nifty fell 265.80 points or 1.10 per cent to 24,008, while the BSE benchmark Sensex dropped 880.34 points or 1.10 per cent to close at 79,454.47 in range-bound trading.India successfully countered Pakistan's attempts to target military installations with drones and missiles on Thursday night, including sites in Jammu and Pathankot, after preventing similar attempts at 15 locations across northern and western regions. Previously, on Wednesday, the Indian armed forces conducted targeted missile strikes on nine terror locations in Pakistan-occupied Kashmir (PoK) and Pakistan under 'Operation Sindoor'."A conflict was anticipated, but the market was not expecting the situation to intensify, raising concerns about its duration. However, it is still projected to be a short-lived confrontation, given the strategic advantage and the opponent's weak economic standing. Interestingly, Foreign Institutional Investors (FIIs) continued to invest in the Indian market until yesterday, while retail investors remain slightly cautious at the moment," Vinod Nair, Head of Research, Geojit Investments Limited, said.Among Sensex companies, ICICI Bank, Power Grid, UltraTech Cement, Bajaj Finance, HDFC Bank, Reliance Industries, Bajaj Finserv, Adani Ports, Mahindra & Mahindra and NTPC showed declines. Titan Company rose over 4 per cent following a 13 per cent increase in consolidated profit at Rs 871 crore for the March quarter.Larsen & Toubro gained nearly 4 per cent after reporting a 25 per cent rise in consolidated profit to Rs 5,497 crore for the quarter ended March 31, 2025. Tata Motors, State Bank of India and Asian Paints showed positive movement.FIIs purchased equities worth Rs 2,007.96 crore on Thursday. Asian markets showed mixed results, with South Korea and Shanghai declining while Japan and Hong Kong advanced. European markets traded higher, and US markets closed positively on Thursday.Brent crude, the global oil benchmark, increased by 1.53 per cent to USD 63.80 per barrel.