Operation Sindoor impact on Indian stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, are expected to open in red on Friday after continued escalation of tensions between India and Pakistan. Indian stock market’s reaction to the ongoing India-Pakistan tensions has till now been relatively muted.In fact, since the April 22 Pahalgam terror attack in Jammu and Kashmir, Nifty50 and BSE Sensex are actually up.Pakistan stock market on the other hand has crashed.Indian equity markets closed lower on Thursday amid volatility caused by escalating India-Pakistan tensions. Market uncertainty is likely to continue as participants monitor ongoing developments between the two nations and upcoming US trade-related announcements. Market volatility on Thursday led to a Rs 5 lakh crore reduction in investors’ wealth. US stocks advanced on Thursday following positive developments in US-UK trade relations, whilst President Trump indicated forthcoming Chinese trade discussions could be more comprehensive than expected.Also Check | Operation Sindoor Live UpdatesAsian equities edged higher on Friday after Trump’s announcement of a UK trade agreement and hints at possible reduction in Chinese tariffs pending successful negotiations.Gold prices strengthened on Friday as investors acquired the metal after its previous session’s decline, whilst market participants awaited the weekend’s trade discussions between the United States and China.Foreign portfolio investors purchased shares worth Rs 2,008 crore net on Thursday, whilst domestic institutional investors sold Rs 596 crore net.The Indian rupee experienced its most significant one-day decline in over 30 months, dropping by 81 paise to close at 85.58 against the US dollar on Thursday. This substantial decrease was primarily attributed to the escalating geopolitical tensions between India and Pakistan.Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said: “We expect the rupee to trade with a negative bias on the strong dollar and ongoing geopolitical tensions between India and Pakistan. Any further escalation may further pressurise the rupee. However, FII inflows may support the rupee at lower levels. Traders may take cues from weekly unemployment claims data from the US. USD-INR spot price is expected to trade in a range of 85.20 to 86.“
