Stock Market Close Highlights: Sensex tanks 880pts, Nifty at 24,008 as India-Pak tensions escalate

Sensex Today | Stock Market Close Highlights, May 9, 2025: The Nifty Midcap 100 settled flat with negative bias and Nifty Smallcap 100 was down 0.61 per cent down at close

4:02 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: A conflict was anticipated but the market was not expecting the situation to intensify, raising concerns about its duration. However, it is still projected to be a short-lived confrontation, given the strategic advantage and the opponent’s weak economic standing. Interestingly, Foreign Institutional Investors (FIIs) continued to invest in the Indian market until yesterday, while retail investors remain slightly cautious at the moment.

View by Vinod Nair, head of research, Geojit Investments Limited.

 

3:55 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Nifty traders appeared to embrace risk-off trades amid India-Pakistan tensions, as the index fell from its recent consolidation zone. The Nifty managed to stay above the 24,000 mark as the index found support around the 21-day exponential moving average (EMA). In the short term, bears may attempt to push the index decisively below 24,000 to gain the upper hand. A clear break below 23,900 could increase bearish bets in the market. On the upside, 24,250 may act as an immediate resistance level, above which sentiment could improve.

View by Rupak De, senior technical analyst, LKP Securities.

3:50 PM

Stock Market LIVE Updates: Indian Rupee reverses early losses; snaps three-day fall to end at 85.38/$

Stock Market LIVE Updates: The domestic currency closed 34 paise higher at 85.38 after ending at 84.72 against the greenback on Thursday, according to Bloomberg data. The currency snapped three straight days of losses on Friday, while having posted two consecutive months of depreciation. Read more 

3:42 PM

Stock Market LIVE Updates: Broader market indices end lower

Stock Market LIVE Updates: BSE Midcap and Smallcap closed lower by 0.10 per cent and 0.30 per cent respectively. 

3:40 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close

Stock Market LIVE Updates: ICICI Bank, Power Grid, UltraTech Cement were amog the top drags on Sensex at close. 

3:38 PM

Stock Market LIVE Updates: Nifty finishes with over 1% fall at 24,008

Stock Market LIVE Updates: NSE Nifty50 closed at 24,008, down 265.8 points or 1.1 per cent. The index traded within the range of 24,164.25 and 23,935.75 during the day. 

3:35 PM

Stock Market LIVE Updates: Sensex closes at 79,454.47, down 880 pts amid Indo-Pak border tensions

Stock Market LIVE Updates: The 30-scrip gauge settled with cuts of 880.34 points or 1.1 per cent at 79,454.47 amid heightened tensions between India and Pakistan. Sensex recorded an intraday low of 78,968.34 during the session. 

3:22 PM

India-Pakistan News: We should remain hopeful India-Pak conflict doesn't escalate: MEA official

India-Pakistan News: In the backdrop of the ongoing military conflict between India and Pakistan, a senior official in the Ministry of External Affairs (MEA) on Friday said "we should remain hopeful" that the existing situation does not escalate.

 

Secretary (Economic Relations) in the MEA, Dammu Ravi, said this in response to a query during an event on the impact of any conflict on the economy and the resilience required in such matters, especially in view of the current scenario. Read more 

3:21 PM

India-Pakistan News: Telcos boost vigilance, network readiness to ensure seamless connectivity

India-Pakistan News: Amid heightened tensions between India and Pakistan, Indian telecom operators have taken immediate measures to ensure uninterrupted connectivity, including intra-circle roaming arrangements and setting up of control centres for constant vigil, as well as diesel stock-up for telecom towers.

 

The telecom department held a meeting with operators earlier this week, and asked telcos to establish national-level control centres and ensure network continuity and close coordination at all times. Read more 

3:04 PM

India-Pakistan News: Chandigarh administration bans hoarding of essential commodities amid border tensions

India-Pakistan News: Taking precautionary steps to prevent food supply shortage, District Magistrate, U.T. Chandigarh, has banned the hoarding of essential commodities (rice, wheat, sugar, fuel, etc.) under the Essential Commodities Act. Traders must declare current stock to the Department of Food & Supplies within 3 days. 

2:59 PM

India-Pakistan News: Chandigarh prohibits bursting of firecrackers

India-Pakistan News: District Magistrate Chandigarh issued orders under Section 163 of Bharatiya Nagarik Suraksha Sanhita regarding ‘Prohibiting bursting of any kind of Fire Crackers’.

2:56 PM

India-Pakistan News: Police, Coast Guard and Navy on alert mode in Maharashtra, says CM Fadnavis

India-Pakistan News: Day after Pakistan fired a barrage of missiles towards Indian cities, majorly in Jammu region, Maharashtra Chief Minister Devendra Fadnavis said he will review the state's internal security system will later in the day. Fadnavis has asked police, Coast Guard, and Navy to be on alert mode in the state, and to follow all SoPs (Standard Operating Procedures). READ MORE

2:54 PM

Stock Markets LIVE Update: Market cap of Indian stocks fall over ₹4 trillion as border tensions mount

Stock Markets LIVE Update: Market capitalisation of listed Indian companies on Dalal Street fell over ₹4 trillion on Friday as risk off sentiment spooked by India - Pakistan war tensions triggered a selloff. 

 

During the day, the BSE Sensex index fell as much as 1.7 per cent to 78,968, while the Nifty50 plunged 1.4 per cent to fall below the 24,000 mark. 

Related stories: 
Nilesh Shah of Kotak AMC's market strategy as India, Pakistan war escalates

India VIX spikes 8%, at highest since April 8 as India-Pak tensions mount

Pakistan stocks snap 4-day losses; KSE100 rallies 3% amid border tensions

 

2:45 PM

India-Pakistan News: We should remain hopeful India-Pak conflict doesn't escalate, says MEA official

India-Pakistan News: Security, development and economic growth are highly inter-linked concepts around the world. So, in a conflict situation, the industry will naturally recoil, and keep on one side and take time for the situation to improve," Secretary (Economic Relations) in the MEA, Dammu Ravi, said at the sidelines of an event. READ MORE

2:39 PM

Stock Market LIVE Updates: Sensex falls 1,000 pts amid cross-border tensions

Stock Market LIVE Updates: The BSE Sensex index was trading near the day's low level, at around 79,349, down 986 points or 1.23  per cent. The index hit an intraday low of 78,968 today, falling over 1,000 points. The NSE Nifty50, meanwhile, hit a low of 23,936 level

2:36 PM

Stock Markets LIVE Update: Smallcap defence stock zooms 29% in 2 days despite Q4 loss

Stock Markets LIVE Update: Shares of Ideaforge Technology moved higher by 20 per cent to ₹463.20 on the BSE in Friday’s intra-day trade, extending its previous day’s rally, in an otherwise weak market. 

 

In the past two trading days, the stock price of this smallcap defence company has zoomed 29 per cent from ₹358.85 on Wednesday. It recovered 54 per cent from its 52-week low of ₹301 touched on April 7, 2025. READ MORE

2:34 PM

India-Pakistan Fact Check: Govt debunks Pak's claims of striking India's S-400 system

India-Pakistan News: Pakistan-based handles spread videos that allegedly showed strikes on a military base in Amritsar. However, the government's fact-check unit debunked this, stating that they were old videos and had nothing to do with any Pakistani attack on India. READ MORE

2:28 PM

India Pakistan News: S Jaishankar dials UK Foreign Secretary amid ongoing border tensions

India Pakistan News: External Affairs Minister, S Jaishankar, spoke to the UK Foreign Secretary to bring him up to speed on the cross border tension with Pakistan.
 

2:24 PM

Stock Markets LIVE Update: Bitcoin holds strong above $100k: New record ahead or brewing pullback?

Stock Markets LIVE Update: Cryptocurrency markets were rejoicing with renewed optimism as Bitcoin (BTC), the flagship digital asset, successfully held above the $100,000 mark after scaling it on Thursday, May 8. Breaking out of a prolonged consolidation phase, Bitcoin reached the six-figure milestone for the first time since February 2025, fueled by a broad shift in global market sentiment. READ MORE

2:17 PM

India-Pakistan News | India on high alert: Schools shut, sirens sound as border tensions rise

India-Pakistan News: As India prepares to tackle unprovoked firing by Pakistan Army, it has directed several cities to enforce blackouts and activate air raid sirens. India has asked residents across various cities and districts along the Pakistani border to stay indoors. Emergency measures have been taken in cities like Chandigarh, Mohali, Pathankot, Rupnagar, Fazilka, Kapurthala, Ludhiana, Sangrur, Bathinda, and Panchkula. READ MORE

2:12 PM

Stock Market LIVE Updates: PSU Bank index turns positive, all others bleed

Stock Market LIVE Updates: Amid a broad-based selling in the stock market today, aggravated due to the India-Pakistan border tensions, the Nifty PSU Bank index was the first major sectoral index to recoup losses today. At 2:10 PM, the Nifty PSU Bank index was up 1 per cent.

All other sectoral indices, meanwhile, were in the red, led by the Nifty Realty index.

2:04 PM

Stock Market LIVE Updates: 26 of 30 Sensex stocks decline in trade today

Stock Market LIVE Updates: With the BSE Sensex index trading over 900 points lower amdi soaring tensions between India and Pakistan, largecap stocks today edged lower for better part of the day. At 2:00 PM, only four Sensex today were in the green, including Tata Motors, Titan Company, L&T, and SBI.

Among top Sensex losers, ICICI Bank, Power Grid, Ultratech Cement, Bajaj Finance, Adani Ports, Reliance Industries, and Sun Pharma decline up to 3 per cent.

1:56 PM

India-Pakistan News: Amit Shah reviews security along Indo-Pak border, airports with officials

India-Pakistan News: Home Minister Amit Shah has reportedly reviewed the prevailing situation along India's border with Pakistan and airports in the country amid the military conflict between the two countries, sources said. The meeting came hours after the Border Security Force said it has foiled an infiltration bid from across the International Border in Jammu, killing at least seven terrorists and destroying a Pakistan Rangers post. READ MORE

1:49 PM

India-Pakistan News: India, Iran condemn terrorism in 'all its forms' in joint commission meet

India-Pakistan News: External Affairs Minister S Jaishankar and Iranian Foreign Minister Abbas Araghchi met on Thursday as India and Pakistan endulged in cross border firing. The meeting took place in the backdrop of the barbaric terror attack in Pahalgam on April 22. Issuing a joint statement, India and Iran said that countries jointly condemn terror attacks "in all its forms and manifestations" and called for enhanced regional cooperation to tackle the threat. READ MORE

1:42 PM

Stock Markets LIVE Update: SBI, IEX, Foseco, 6 others to go ex-dividend next week

Stock Markets LIVE Update: Shares of India's largest private sector lender, State Bank of India (SBI), Indian Energy Exchange, Foseco India, Godrej Consumer Products, and five other companies are likely to stay in focus in the upcoming trading week from Tuesday, May 13, 2025, to Friday, May 16, 2025, following their announcement of dividend rewards for shareholders. READ MORE

1:39 PM

India Pakistan News: Defence ministry clears 14 territorial army battalions for duty

India Pakistan News: A government notification, dated May 6, 2025, said that 14 out of the existing 32 Infantry Battalions of the Territorial Army have been sanctioned. These units may be deployed across various commands, including the Southern, Eastern, Western, Central, Northern, South Western, Andaman and Nicobar, and the Army Training Command (ARTRAC), the ministry notification said. READ MORE

1:31 PM

Stock Markets LIVE Update: Hotel, realty stocks under pressure, slip up to 7% on Friday

Stock Markets LIVE Update: Share prices of listed hotel and real estate companies were under pressure, falling up to 7 per cent on the BSE in Friday’s intra-day as both benchmarks - the BSE Sensex and the NSE Nifty - fell 1 per cent each after tensions between India and Pakistan worsened late on Thursday.

 

At 12:40 pm; the BSE Realty index was the top loser among sectoral indices, down 2.7 per cent, as compared to 1.03 per cent decline in the BSE Sensex. READ MORE

1:31 PM

India-Pakistan LIVE News | Delhi to test air sirens today; security beefed up amid India-Pak tensions

India-Pakistan News: With tensions soaring between India and Pakistan, latest news reports suggest that air raid sirens will likely be tested in Delhi today. Air raid sirens in Delhi will be tested at 3 PM today, news agency PTI reported. Moreover, the air raid sirens will be tested at ITO. The government has urged the general public to remain calm and not to panic during the drill. READ MORE

1:26 PM

Stock Market LIVE Updates: Selling deepens on Dalal Street as India-Pak tensions flare

Stock Market LIVE Updates: The BSE Sensex today has been trading in a narrow range, albeit on the lower side, as investors resorted to profit booking amd rising tensions with Pakistan.

The BSE Sensex index was quoting at 79,386 level, down 948 points or 1.18 per cent. The NSE Nifty, too, dropped to 23,984, shedding 290 points or 1.2 per cent.

1:24 PM

Stock Markets LIVE Update: Why are Kalyan Jewellers shares glittering in weak market?

Stock Markets LIVE Update: Shares of Kalyan Jewellers slipped 3.2 per cent, logging an intraday high at ₹527.7 per share on BSE. The stock was in demand after the company posted its Q4 results. 

 

The jewellery company released its Q4FY25 numbers on Thursday, after market hours. The company's profit after tax (PAT) gained 36 per cent to ₹187.6 crore as compared to ₹137.5 crore a year ago. READ MORE