Sensex drops 412 points amid India-Pakistan tensions, banking, FMCG, and auto shares sell-off, global markets stable.

Mumbai: The Indian stock markets on Thursday remained flat during the morning session but started dipping as soon as news came about the escalation of

While 'Operation Sindoor' led to worries about increased market volatility and losses, the main indices on Dalal Street actually managed to end in green in the previous session. Even today, the stock markets are trading in positive territory. 

Investors cautious as India-Pakistan tensions rise, stock markets volatile after missile strikes on terrorist hideouts.

India’s economy, which recently crossed the $4 trillion mark, has minimal direct trade with Pakistan. As a result, cross-border missile strikes carried out by India had limited immediate impact on domestic equities, currencies, or bonds.

Gift Nifty futures were trading at 23,987 as of 6:46 am, which suggests that the Nifty50 could open nearly 1.2% below Thursday’s close of 24,273.8.

At 8:40 am, Gift Nifty futures were trading at 24,451. This suggests that the Nifty50 index may open marginally higher or close to Wednesday’s closing level of 24,414.4 as investors are expected to be cautious.

By market close, the BSE Sensex had dropped 411.97 points to 80,334.81, while the Nifty 50 fell 140.60 points to 24,273.80. The India VIX, often seen as the market’s fear gauge, spiked over 10 per cent to cross the 21 mark—its highest since early April.

Mumbai: Indian stock markets opened higher on Thursday, reflecting strong investor confidence in the country's economic outlook despite recent tensions