WEB DESK: After the strong retaliation from Pakistan, Indian Stock Market plummets, overall weekly drop of about 1.3%.
In a significant escalation of tensions between the two neighbouring nations, Pakistan has issued a robust retaliatory response to India’s recent aggressive actions. The international financial community is closely monitoring the developments, as markets react sharply.
According to the Reuters, India’s war frenzy has led to an estimated economic loss of approximately $83 billion, raising concerns over regional stability. The Indian stock market has experienced notable declines, with indices falling by around 0.5% on Thursday and posting an overall weekly drop of about 1.3%.
Market analysts report that, 12 out of 13 major sectors in the Indian stock market have faced declines, reflecting widespread investor concern. Foreign investors have also expressed apprehension regarding the escalating tensions, fearing prolonged instability.
Security analysts, including Avinash Gorkshka, warn that “Pakistan’s further retaliatory actions could escalate into a prolonged and full-scale war,” intensifying fears of regional conflict.
