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
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Image: Bloomberg
India-Pakistan news | Stock Market Close Highlights, Friday, May 9, 2025: Indian equity markets witnessed a sharp selloff on Friday following escalation in tensions between India and Pakistan after the latter fired eight missiles directed at several Indian cities, which were all intercepted by air defence units. This comes after India's precision strike on nine-terror camps in Pakistan and Pakistan occupied Kashmir (PoK) following the deadly terror attack in Pahalgam on April 22.
The Indian government has directed several cities to enforce complete blackout and activate air raid sirens as a part of precautionary defence measures. Emergency measures are being taken in cities close to the India-Pakistan border and residents are advised to stay indoors.
The benchmark BSE Sensex fell 880.34 points or 1.10 per cent to close at 79,454.47. The NSE Nifty50 index settled at 24,008, down by 265.80 points or 1.10 per cent.
In the broader markets, the Nifty Midcap 100 settled flat with negative bias and Nifty Smallcap 100 was down 0.61 per cent down at close.
Among the sectoral indices, Nifty Bank, financial services, and realty fell over 1 per cent each. Realty was the worst hit sector down by nearly 2 per cent. Among others auto, IT, energy, pharma, FMCG, healthcare, oil & gas also closed lower. Nifty PSU Bank, consumer durable, metal, media and metal closed with gains.
From the Sensex constituents, 25 out of 30 stocks closed in red. ICICI Bank down by 3.09 per cent, PowerGrid (-2.61 per cent), Ultratech (-2.15 per cent), Bajaj Finance (-1.84 per cent) and Reliance Industries down 1.84 per cent were the top laggards. On the other hand, Titan up by 4.25 per cent, L&T (4.02 per cent), Tata Motors (3.86 per cent), State Bank of India (1.39 per cent) and Asian Paints up 0.2 per cent were the gainers.
India VIX, fear gauge used to measure volatility in the Indian market, rose 2.98 per cent to 21.63 points. During the day, the index jumped over 8 per cent to hit a high of 22.7, the high level jump since April 8 this year.
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.
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.
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
2:59 PM
India-Pakistan News: Chandigarh prohibits bursting of firecrackers
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.
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
Topics : Stock Market Today Share Market Today MARKET WRAP MARKET LIVE Markets Gift Nifty S&P BSE Sensex Nifty50 India Pakistan relations Operation Sindoor Indian stock market Market Outlook Global Markets
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First Published: May 09 2025 | 8:05 AM IST
