India, May 8 -- Indian shares look set to extend losses on Friday amid worries that the escalation of conflict with Pakistan, rising oil prices and a weakening rupee could hurt capital flows.
India on Thursday night neutralized Pakistan military's attempt to hit military stations in Jammu, Pathankot, Udhampur and some other locations with missiles and drones, according to defense ministry officials.
Indian air defense units successfully intercepted at least eight missiles launched by Pakistan, that targeted key border areas.
A crucial International Monetary Fund (IMF) board meeting will take place today, where India's executive director at the IMF will push for Pakistan's re-listing in FATF's grey list.
Benchmark indexes Sensex and Nift...