Investor sentiment hit after India conducted air strikes in Pakistan

Sensex recovers after dropping 499 pts

Investor sentiment weakened on Tuesday after India conducted air strikes on militant camps inside Pakistan, escalating tensions between the two nuclear-armed neighbours.

After cracking nearly 499 points, or 1.4 per cent, the 30-share Sensex recouped losses to end 240 points, or 0.7 per cent, lower at 35,974. The 50-share Nifty also fell 44.80 points, or 0.41 per cent, to 10,835.3.  The rupee also weakened as much as 36 paise as the US dollar but recovered to end at 71.07 compared to previous day’s close of 70.98.

The recovery in the market was led by strong buying from foreign portfolio investors