India, May 13 -- Indian shares tumbled on Tuesday, a day after benchmark indexes Sensex and Nifty recorded their sharpest rally in over four years, following a tentative ceasefire between India and Pakistan over the weekend.
Markets paused for breath after Prime Minister said the operation is the new normal and that India had only kept its actions against Pakistan in abeyance, with future steps depending on Pakistan's behavior.
Modi described Operation Sindoor as India's new policy against terrorism and warned Pakistan that India will not succumb to nuclear blackmail.
Meanwhile, it is feared that a temporary tariff de-escalation between the U.S. and China could narrow India's export edge.
The benchmark 30-share BSE Sensex slumped 1,281....