Stock market today: Sensex today rises 105 points, Nifty reclaims 24,400 despite India-Pakistan tensions

Indian stock market today: Although Indian benchmark indices faced heavy volatility in Wednesday's session, May 7, they managed to end in the green, as easing global trade tensions, the signing of the free trade agreement with the UK, and strong overseas inflows cushioned the impact of ongoing tensions between India and Pakistan.

The market, which started on a lower note, quickly recouped its losses, and by the mid-trading session, it had turned green as the auto, realty, and metal sectors lent support to the recovery.

The Nifty 50 finished the trade with a gain of 0.14%, reclaiming the 24,400 mark to settle at 24,414 points, while the Sensex gained 105 points or 0.13% to close at 80,746. The broader markets reversed their sharp losses from the previous day, with both the Nifty Midcap 100 and Nifty Smallcap indices ending the session with gains of 1.50%.

On May 7, 2025, India launched a series of missile strikes into Pakistani territory and Pakistan-administered Kashmir under "Operation Sindoor," targeting nine locations alleged to be militant infrastructure.

This action was in retaliation for the April 22 Pahalgam attack in Indian-administered Kashmir, which resulted in the deaths of 26 Indian tourists and was attributed to Pakistan-based militant groups.

Despite escalating geopolitical tensions between the two nations, overseas investor sentiment remains largely unaffected as they continue to pour funds into the Indian stock market, remaining net buyers for the last 14 consecutive trading sessions.

Their optimism is rooted in improving domestic fundamentals and the growing belief that a domestically driven economy will help the Asia's third largest economy to withstand the global trade war better than most peers.

(more to come)

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