Pahalgam terror attack effect: J&K Bank

Shares of Jammu and Kashmir Bank plunged nearly 10% on Wednesday, while airline and hotel stocks remained under stress, a day after 26 people got killed in a terror attack in Pahalgam in Jammu and Kashmir's Anantnag district. Meanwhile, the Indian equity market extended their rally for the seventh consecutive session on April 23, albeit upmove were restricted as the tragic Pahalgam attack dented sentiments. Going forward, investor will keep a close eye on the government’s response to the terrorist attack, and any form of retaliation could spook sentiments.