Share Market Highlights 9 May 2025: War fears hit Dalal Street: Sensex sinks 880 points, Nifty down 265

Sensex, Nifty updates on 9 May 2025: Stock markets plunged over 1% on Friday amid escalating tensions between India and Pakistan, sparking fears of a prolonged conflict. The BSE Sensex fell 880 points to 79,454.47, while the NSE Nifty declined 266 points to 24,008. The drop followed India’s successful interception of fresh Pakistani drone and missile strikes in Jammu and Pathankot, a day after launching ‘Operation Sindoor’ targeting terror sites in Pakistan-occupied Kashmir. Analysts noted that while conflict was expected, markets were not prepared for the situation to escalate. Despite geopolitical jitters, Foreign Institutional Investors (FIIs) remained net buyers, investing ₹2,008 crore on Thursday. Among Sensex stocks, ICICI Bank, Power Grid, HDFC Bank, and Reliance were top losers. However, Titan surged over 4% on strong Q4 earnings, and L&T jumped nearly 4% on a 25% PAT rise. Tata Motors, SBI, and Asian Paints also ended in the green, providing some support to the otherwise weak market sentiment. Of the 4,010 stocks traded on the BSE, 1,366 advanced, 2,488 declined, and 156 remained unchanged. Meanwhile, 52 stocks touched a 52-week high and 190 hit a 52-week low. A total of 119 stocks hit the upper circuit, while 299 hit the lower circuit. Read More | Source: The Hindu Business Line