Towards the worst, India’s stock market sets off alarm bells
(Web Desk) – Amid a spike in cross-border tension between Pakistan and India, and political uncertainty in India ahead of general elections 2019, Sensex and Nifty opened with deep cuts on Tuesday.
Sensex plunged nearly 440 points at about 35,800 points in opening deals and Nifty slipped below the 10,750 level.
After Indian Air Force (IAF) violated Pakistan’s airspace on Tuesday morning, investors got spooked in India.
The development came after Pulwama incident in Indian-occupied Kashmir (IOK).
Experts say, the move may aggravate the already simmering tension between the two neighboring countries and may have other geopolitical ramifications.