The impact of tension between India and Pakistan is also seen on the stock market. After a nearly 300-point rise in the initial trading, the Sensex lost more than 400 points. The Sensex, near 12.45 in the morning, was trading 122 points down at 35,850 points.
Earlier, the Indian stock market, which closed on the red mark on the last trading day, has been bullish on Wednesday. The Sensex strengthened by 165.12 points in the morning to 36,138.83, while the Nifty rose by 45.9 points to 10,881.20.
Stock market decline on Tuesday
Before this, country's stock markets declined on Tuesday between the air strikes on Pakistan. Investors looked cautious and the result was that the Sensex slipped 239.67 points, to 35,973.71 and the Nifty ended 44.80 down at 10,835.30. On Tuesday, the Sensex touched the all-time high of 36,172.52 and lower level of 35,714.16 in the day's trading. On the other hand, if you talk about the Nifty, the Nifty is at the lower level of 10,888.75 in the daytime and at the lower level of 10,729.30.
In the initial hours of the business, stocks that rose faster include Sun Pharma, Bajaj Auto, Yes Bank, L & T, Axis Bank, Maruti, Hero MotoCorp, Axis Bank, Bharti Airtel and Mahindra and Mahindra. Sunfarma's shares were trading at about 3% on the back of a turnover. On the other hand, HCL, Kotak Bank and Vedanta Lal were seen doing business on the scar.
If you talk about the rupee, it is weak compared to the dollar. In the trading, the rupee opened at a level of 71.11 with 5 paise weakness. The rupee depreciated 9 paise to close at 71.06 against the dollar on Tuesday.