Markets tank over 500 points as India strikes Pakistan terror launchpads

 

The Indian financial markets reacted after Indian Army said it conducted surgical strikes on Pakistan terror hubs. The Sensex tanked beyond 500 points.

Sensex lost over 500 points and ICICI Bank, Adani Ports, Axis Bank, Sun Pharma and GAIL are the top Sensex losers. India VIX spikes 17.09%.

Nifty50 slipped below 8,700 level.

Meanwhile, the Director General of Military Operation, in a news conference, said the Indian army conducted the anti-terror operations on September 28 night to prevent infiltration.

The DGMO said the surgical strikes were based on specific intelligence input of terror groups ready to infiltrate into India and carry out terror attacks.

"Significant casualties have been caused in these strikes," DGMO Lt General Ranbir Singh said adding, "The operation has now ended."
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