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Despite a rally in global markets, the Indian bourses fell on Monday as cross-border tension between India and Pakistan dampened investor sentiment.
The benchmark Sensex ended with losses for an eight straight trading session—its longest losing streak since August 2013. The strike on India’s paramilitary forces last week prompted investors to assess the economic and geopolitical repercussions.
The Sensex ended 310 points, or 0.87 per cent lower at 35,498.44, while the Nifty 50 index fell 0.8 per cent, or 83 points, to 10,641. The India VIX index, an indicator of market volatility, surged 9.4 per cent—most in nearly two months.
