Sensex ends 240 points lower on rising India-Pakistan tension

Weak cues from global equities and selling pressure on financials and realty stocks too weighed on market mood here.
Representational Pic
Representational Pic

After cracking nearly 500 points, the 30-share Sensex paredsome losses but ended 239.67 points, or 0.66%, lower at 35,973.71. It hit a lowof 35,714.16 and a high of 36,172.52.

The gauge surged 342 points in Monday's trade.

The 50-share Nifty also fell 44.80 points, or 0.41%, to10,835.30 after hovering between 10,729.30 and 10,888.75.

Losses were more pronounced in banking, realty and PSUcounters.

 "Indian indicestraded lower mainly due to two factors — first, the indications of weaknessfrom all major Asian markets since their opening; and second, the strikecarried out by the Indian Air Force against terrorist camps located insidePakistan," said Joseph Thomas, head research, Emkay Wealth Management.

While the former may be considered reflective of theevolving broader global perspective, the latter may have limited or transientimpact on the market direction, he said, adding that markets may remain quitevolatile in the coming days, especially, in the light of the fast approachinggeneral elections.

The Indian Air Force claimed to have struckJaish-e-Mohammed's (JeM) biggest camp in Pakistan early Tuesday in a major"preemptive" action, killing a large number of militants and trainers of thePak-based militant group. Agencies

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