Operation Sindoor was carried out by all three wings of the indian Army. In this action of the indian Army on Wednesday, 9 terrorist hideouts were destroyed in pakistan and Pakistan-occupied Kashmir. This attack was in response to the pahalgam attack, in which 26 indian tourists were shot and its direct connection to pakistan came out. After this, the stock market of pakistan faltered badly. Within two weeks, the index saw a huge fall of about 7500 points and the shares of Luck, Engroh and UBL flew like a storm in this fall. On the other hand, the indian stock market stood strong despite the tension between the two countries.
How was the stock market after the attack?
Let us look at the history to see what was the condition of the stock market during the times when there was a lot of tension between india and Pakistan. When the Pulwama attack took place in 2019, the Sensex and Nifty saw a decline of 1.8 percent between february 14 and march 1.
During the uri attack in 2016 and the subsequent surgical strike by the indian Army, the stock market saw a decline of about 2 percent between september 18 and 26. Earlier, when the parliament was attacked in 2001, the market also saw a decline. The Sensex fell by 0.7 percent, the Nifty by 0.8 percent. However, despite that, the indian stock market soon recovered itself.
Apart from this, if we talk about the mumbai attack, the terrorist attack on november 26 had an impact on the stock market. The Sensex fell by about 400 points. However, the Nifty gained 100 points. Earlier in 1999, during the Kargil war, the market showed resilience and during this three-month war period, the market declined by a nominal 0.8 percent. These figures show that in the event of war, the indian stock market has stood strong with change.
Apart from this, last year i.e. in 2024, pakistan accounted for only 0.5 percent of India's total exports. That is why when there is tension on the border between pakistan and india, it does not directly affect India's economy.
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