New Delhi, May 7 -- India's benchmark indices held their nerves in early trading on Wednesday, opening marginally lower after India launched a retaliatory strike on terror camps in Pakistan and Pakistan-occupied Kashmir.

At 9.23 am, the Nifty was down by about 16 points at 24,363.50, while the Sensex fell about 58 points to 80,583.18, signaling underlying market resilience. Pre-market cues had suggested a 1% gap-down for Indian benchmark indices.

The India VIX index, also known as the fear gauge, was up 2%.

The SGX Nifty fell 1.2% early Wednesday but pared some of its losses and was down just 0.2% later as investors priced in geopolitical risks. The SGX Nifty-Nifty 50 index futures traded on the Singapore Exchange-is widely seen as an ...