New Delhi, May 9 -- The Indian stock market closed lower on Thursday, May 8, as rising tensions between India and Pakistan dampened investor confidence. The Indian stock market began the day on a strong note but experienced a steep decline in the final hour of trading after the Indian government announced that its armed forces had struck air defence radars and systems at various sites in Pakistan.

The Nifty 50 ended the session down 0.51%, slipping below the 24,300 level to finish at 24,273, while the Sensex declined by 411 points, or 0.51%, closing at 80,334.

Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research - Wealth Management at Motilal Oswal, said, "The market volatility is expected to per...