New Delhi, May 12 -- The Nifty 50 index slipped 1.10% on Friday, closing around the 24,000 mark, as heightened India-Pakistan tensions rattled investor sentiment. Indian missile strikes and Pakistani retaliation sparked a sharp sell-off across markets, with banking, financials, energy, and realty stocks taking the biggest hit.

based risk-off mood extended beyond equities, affecting currency and bond markets as well. The market opened weak but attempted a partial recovery after hitting the day's lows. A key sign of rising anxiety was the 18% jump in the India VIX over the week-from 18.34 to 21.63-reflecting elevated volatility due to geopolitical risks.

Analysts suggest that investors could look at undervalued defence stocks with strong ...