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Amid Indo-Pak tensions, Sensex, Nifty end lower as Bharti Airtel gains 2 %

On Wednesday, benchmark indices ended lower since they remained volatile throughout the day amid tension between the countries

Amid Indo-Pak tensions, Sensex, Nifty end lower as Bharti Airtel gains 2%
Amid Indo-Pak tensions, Sensex, Nifty end lower as Bharti Airtel gains 2%

New Delhi: A day after India struck down on a terrorist camp in Pakistan, the Sensex was down 68.28 points at 35905.43 at the close, while Nifty was down 28.60 points at 10806.70. Benchmark indices on Wednesday ended lower since they remained volatile throughout the day amid tension between the countries. Close to 1141 shares have advanced while 1359 shares dropped down and 170 shares are unchanged.

The top gainers on the indices included Bharti Airtel, Bajaj Auto, L&T, Sun Pharma, TCS, UPL and UltraTech Cement, as Tata Motors, Vedanta, NTPC, HUL, Kotak Mahindra Bank, Bharti Infratel, Titan Company and Wipro lost out. Among sectors, buying was seen in the auto, infra and pharma space, as selling was seen in the IT, FMCG, bank and metal space.

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Investor sentiment hit

The investor sentiment was hit following Pakistan’s claims that it shot down two Indian military aircraft on Pakistani air space, arresting one of the pilots. On Wednesday, Pakistani fighter jets violated Indian air space. However, India struck Pakistan Air Force's F-16 fighter jet that violated Indian airspace in Jammu and Kashmir’s Nowshera sector.

This came after the Indian Air Force struck Jaish-e-Mohammed's (JeM) biggest camp in Pakistan in a major "preemptive" action on Tuesday, killing many terrorists and trainers.

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