Sensex tanks 412 points as India-Pakistan tensions flareup

The domestic share market traded lower on Thursday, erasing early gains as escalating geopolitical tensions between India and Pakistan weighed on investor sentiment, dragging the Nifty below 24,300.At close, the Sensex was down 411.97 points or 0.51 percent at 80,334.81, and the Nifty was down 140.60 points or 0.58 percent at 24,273.80. About 1256 shares advanced, 2497 shares declined, and 126 shares unchanged.
HCL Technologies, Kotak Mahindra Bank, Titan Company, Axis Bank, Tech Mahindra were top gainers on the Nifty, while losers included Shriram Finance, Eternal, M&M, Hindalco Industries, Adani Enterprises. On the sectoral front,except IT and Media, all other sectoral indices ended in the red with metal, oil & gas, pharma, PSU Bank, auto, consumer durables, realty down 1-2 percent. The BSE midcap index shed 1.9 percent and smallcap index fell 1 percent
Rupee Close:
On 8 May'25,the Indian rupee ended 88 paise lower at 85.71 against US dollar on Thursday.
Trading Guide:
Market experts recommended five shares to buy-Nazara Technologies, SRF, Devyani International, Kaynes Technology India, and Avalon Technologies.

(Business Correspondent)