New Delhi, May 7 -- The Sensex and Nifty 50 are expected to open lower after India launched a retaliatory strike on terror camps in Pakistan and Pakistan-occupied Kashmir early Wednesday.

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 early indicator of how Indian equities might perform at the opening bell.

India early on Wednesday launched 'Operation Sindoor' targeting Pakistani terror sites, including some linked to the attack on tourists in Kashmir's Pahalgam area two weeks ago that killed 26 people.

Although the market is bracing for the fallout of e...