New Delhi, May 7 -- Indian indices edged slightly lower at the open amid rising geopolitical tensions, after India conducted strikes on nine locations in Pakistan in response to last month's attack in Kashmir.
The BSE Sensex stood at 80,596, down 0.06%, and the Nifty 50 also dipped 0.06% to 24,366 in early trades.
However, the market took a U-turn, failing to dent investors sentiment with the BSE Sensex climbing 70 points to 80,710 and the Nifty 50 gaining 10 points to reach 24,403.
The Nifty 50 has typically shown resilience during previous episodes of heightened tensions between India and Pakistan, with market downturns being relatively mild-averaging a drawdown of just 5.27%, according to report by Bajaj Broking's Market Outlook rep...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.