Stock Market Live Updates: Indian equity markets are set to react to escalating tensions between India and Pakistan. Late Thursday evening, Indian air defence units successfully intercepted at least eight missiles launched by Pakistan, that targeted key border areas. The Nifty fell nearly 200 points from the day’s high on Thursday, while broader markets saw steeper cuts as India retaliated to Pakistan’s attempts at targeting the country’s military establishments. Earnings reactions and reporting continues as well. Watch this space for all the live updates.
After meandering along the flatline for a better part of Thursday’s trading session, a combination of the weekly options expiry and India’s confirmation of retaliating to Pakistan’s attempts at targeting the country’s military establishments saw the Nifty fall nearly 200 points from the day’s high.
While the provisional closing indicated a close at 24,150, the final tick saw a 120-point adjustment, leading to the index closing at 24,273.
However, it was the broader markets that saw sharper cuts, with the Midcap index declining by over 1,000 points. Today’s session will also see earnings reactions from stocks like Titan, Britannia, Pidilite, Zee Entertainment, Kalyan Jewellers, among others.
Stocks like Dr. Reddy’s, Swiggy, Bank of India, and KPR Mill will also be reporting results today. Watch this space for all the Live updates.