Indo-Pak Tensions Drag Markets; Sensex Falls 1,047 Points, Nifty Below 24,100
Indian equity markets ended their 3-week winning streak with notable losses, weighed down by escalating Indo-Pak tensions despite favorable global developments such as US-UK and US-China trade talks, an ECB rate cut, and sustained FII inflows. For the week ended May 9, the Sensex dropped 1.3% (1,047 points) to close at 79,454, while the Nifty shed 1.4% (339 points) to 24,008. The BSE Large-cap and Mid-cap indices also declined, dragged by stocks like