New Delhi, April 25 -- Indian stock indices slumped sharply after early morning gains on Friday, with analysts attributing it to risk aversion and cautious approach from the investors in the awake of Pahalgam terror attack.

On Thursday, the stock indices snapped a seven-session winning streak after the terror attack sparked a diplomatic crisis. India kept in abeyance a key water-sharing treaty with Pakistan, besides reducing diplomatic staff on both sides, disallowing visas to Pakistanis, among others.

At the time of filing this report, sensex was trading at 79,028.29 points, down 773.14 points or 0.97 per cent, while Nifty was at 23,970.60 points, down 276.10 points or 1.14 per cent. Sensex's intraday low was 78,605 points.

"The poten...