Markets extend losses as army conducts surgical strike attack at Indo-Mynamar border


Indian army has conducted a surgical strike at a Naga insurgent camp at Indo-Mynamar border, reported a leading news agency.

The army reported that there were no casualties on the Indian side. Nifty index has been slipping in the Wednesday’s trading session. Markets has grappled with the negative sentiments. Nifty index is down by more than 100 points in the second trading half of the Wednesday’s trade. As of 1433 hours, the 50-stocks index has touched intraday low of 9,747 level.

BSE Mid-cap index was trading lower by 1.45% at 15,274 level while BSE Small-cap index was trading lower by 1.51% at 15,892 level. Bank Nifty index was trading lower by 1.48% or 358 points to 23,841 level.

Among 50 constituents of Nifty, there are 42 declines and 9 advances showing strong negative undertone in the market. India VIX was trading higher by 6.13% at 13.72 level.

A year ago, Indian army sneaked across the Line of Control in the night, entered territory under Pakistan’s control and launched surgical strikes against terrorist launch pads.

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