India’s share market indices, Sensex and Nifty50, ended the day’s trade in red on Friday, May 9, 2025. The Sensex (index with top 30 firms) tumbled 880.34 points to close at 79,454.47 on Friday. Meanwhile, Nifty50 (index with top 50 firms) was down 265.80 points to close at 24,008.00 points.
Sensex and Nifty50, started the day’s trade in red on Friday, May 9, 2025. The Sensex tumbled 1,366.47 points to open at 78,968.34 on Friday. Meanwhile, Nifty50 also tumbled to open at 23,935.75 points.
The fall came after the tensions between India and Pakistan continue to escalate. Following the Pahalgam terror attack, which claimed the lives of 26 people, India retaliated with a precision strike under Operation Sindoor, destroying 9 terror camps within Pakistan and Pakistan occupied Kashmir (PoK). Since then, Pakistan is involved in mischiefs against India, with India giving befitting reply to Pakistan. The continuous rise in the tensions, between the two countries, pulling the equities down.
Market experts attributed the decline to concerns around the escalating tension between the two nations, which dampened investor sentiment despite strong underlying fundamentals.
Despite the temporary setback, analysts maintain that the broader outlook for the Indian markets remains positive. They pointed out that foreign institutional investors (FIIs) continue to infuse capital into Indian equities, showing confidence in the economy’s long-term growth potential even amid geopolitical uncertainty.
What Else For Share Market?
VK Vijayakumar, Chief Investment Strategist, Geojit Investments said, “The domestic macros construct is further rendered stronger by the high GDP growth expected this year and the declining interest rate environment. These are the reasons why FIIs have been on a buying spree in the Indian market during the last sixteen trading sessions. Investors should not panic and exit from the market now. Remain invested, monitor the developments, and wait for the dust to settle.”
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