IAF jets striking terror camp in Balakot spook investors, Market witness sharp fall
IAF jets striking terror camp in Balakot spook investors, Market witness sharp fall
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New Delhi: After the that Indian Air Force jets struck terror camp in Balakot,  Markets posted sharp fall in opening trade on Monday . The BSE Sensex fell over 356.16 points or 0.98 percent to 35,857.22 in early trade while the NSE Nifty fell 102.05 points or 0.94 percent to 10,778.05.

According to reports, The laggards that dragged the main indices include Hero MotoCorp, Tata Steel, Vedanta, Yash Bank, Sun Pharma, ICICI Bank, SBI, RIL, M&M, Kotak Bank, Bajaj Finance, Infosys, NTPC, HDFC, Maruti Suzuki, Bajaj Auto, IndusInd Bank, L&T, PowerGrid, Axis Bank, HDFC Bank, Asian Paint, ITC and ONGC, falling by up to 2.38 percent.

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On the other hand, TCS, HUL and Tata Motors increased up to 0.93 percent. Most of the BSE sectoral indices were trading in the red, led by banking, power, PSU, realty and IT stocks with losses up to 0.90 percent. Meanwhile, DIIs sold shares worth Rs 1,764.4 crore, while foreign portfolio investors (FPIs) bought shares worth a net of Rs 2,134.35 crore on Monday, provisional data showed. Asian shares fell from five-month high as investors waited to see if Washington and Beijing can clinch a trade deal, while the pound advanced on hopes UK Prime Minister Theresa May will delay a Brexit deadline, a Reuters report said.

Indian Air Force jets strike terror camps across LoC, destroyed JeM camp

The  sharp fall came after Indian Air Force on Tuesday morning struck a Jaish-e-Muhammed (JeM) camp in Balakot, Pakistan. The Attack of Indian Air force came after the February 14 suicide attack by Pakistan-based Jaish-e-Mohammad terror group that killed 40 CRPF soldiers in Jammu and Kashmir's Pulwama district.

 

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