Indo-Pak Tensions Spook Dalal Street

Interestingly, FIIs continued to invest in the Indian market until Thursday, while retail investors remain slightly cautious at the moment, said Vinod Nair, head (research), Geojit Investments Limited

Mumbai: Stock market benchmark indices Sensex and Nifty tumbled over one per cent each on Friday as tensions soared between India and Pakistan, fuelling fears of a wider conflict. Besides, steep losses in realty, financial and utility stocks also dented investor sentiments, traders said.

Extending its previous day’s decline, the 30-share BSE benchmark gauge tanked 880.34 points or 1.10 per cent to settle at 79,454.47, in a largely range-bound trading. As many as 2,522 stocks declined, while 1,343 advanced and 145 remained unchanged on the BSE. The NSE Nifty dropped 265.80 points or 1.10 per cent to 24,008 points.