Markets React to Operation Sindoor: GIFT Nifty Slips After Indian Strikes in Pakistan

Indian financial markets opened on a cautious note Wednesday after the Indian Armed Forces launched precision missile strikes on terror targets in Pakistan and Pakistan-occupied Kashmir, a response to the recent Pahalgam attack. The GIFT Nifty index fell to 24,311, about 0.3% below the Nifty 50’s previous close of 24,379, signaling a gap-down opening for Indian equities.

Key highlights:

Operation Sindoor marked a rare joint operation by the Army, Air Force, and Navy, escalating tensions along the border.

Pakistan retaliated with artillery fire in the Poonch-Rajauri sector, further raising geopolitical risks.

Market volatility increased, with investors shifting to the sidelines amid uncertainty. The Sensex and Nifty both ended lower in the previous session, dragged by banking and oil stocks.

Experts suggest that unless the situation escalates into a broader conflict, the impact on Indian markets may remain short-term, given the country’s economic resilience.

Asian markets traded higher, but US indices closed in the red overnight, adding to the cautious sentiment.

Investors are closely watching further developments and government responses, with near-term volatility expected to persist.

Sources: News18, Financial Express, CNBC-TV18, Times of India