Stock market opens in green amid India-Pakistan border tensions
By : Sandhya
The stock market opened on a strong tone on Monday, despite persistent border tensions between India and Pakistan. The Bombay Stock Exchange (BSE) benchmark Sensex rose 456.05 points to 79,668.58 in early trading. On the other hand, the NSE Nifty gained 112.85 points to 24,152.30. The situation at the India-Pakistan border remains a major issue for market investors.
According to Ajay Bagga, a Banking and Market Expert, "FPI flows continue to support Indian markets, as do DII flows." With no significant OFS or IPOs to absorb cash, markets gain from these movements. However, last week, both the top and wider Indian indices fell. This was despite positive results from both FPIs and DIIs. This refers to outflows from prop desks and HNI segments as a result of the increased geopolitical tensions on the Indian subcontinent."
On Friday, the Sensex and Nifty fell dramatically due to selling in Axis Bank and continued border tensions following the Pahalgam terror assault. The BSE barometer fell by 588.90 points, or 0.74 percent, to 79,212.53. During the day, it fell 1,195.62 points (1.49 percent) to 78,605.81.