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Escalating tension between India and Pakistan keeps markets on tenterhooks

Sensex ends flat after swinging 636 points, or 1.75%

Escalating tension between India and Pakistan keeps markets on tenterhooks
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Sundar Sethuraman Mumbai
The escalating tensions between India and Pakistan kept markets on tenterhooks. The benchmark Sensex on Wednesday swung 636 points, or 1.75 per cent, before ending marginally lower over its previous day’s close.

In early trade, the 30-share blue-chip index had gained nearly 400 points — over a per cent. However, it gave up all the gains after Pakistan responded to India’s air strikes, stoking fears of war between the two nuclear-powered neighbours.

The index finally ended 68 points, or 0.2 per cent, lower at 35,905.  The 50-share Nifty also fell 28.65 points, or 0.3 per cent, to 10,806.65. The rupee

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First Published: Feb 27 2019 | 8:46 PM IST

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