Equity benchmark indices fall amid rising tensions btw India, Pakistan

Equity benchmark indices fell on Tuesday as rising tension between India and Pakistan amid weak global cues shook investor confidence. The Indian Air Force carried out multiple aerial strikes at major terror camps in Pakistan occupied Kashmir, 12 days after the ghastly terror attack in Pulwama. Experts said the move may geopolitical ramifications.

At 11:15 am, the BSE S&P Sensex was down nearly 285 points at 35,929 in opening deals and the NSE Nifty 50 slipped 81 points at 10,800 level. All sectoral indices were in the red. Among the top losers were Hero MotoCorp, Yes Bank, Tata Steel, Vedanta, Mahindra & Mahindra, and ICICI Bank. Meanwhile, Asian markets also showed bearish trends as investors waited to see if the United States and China can clinch a trade deal on tariffs.