On May 9, 2025, Indian stock markets experienced significant declines due to escalating geopolitical tensions between India and Pakistan. The BSE Sensex dropped by 880.34 points (1.10%) to close at 79,454.47, while the NSE Nifty 50 fell by 265.80 points (1.10%) to end at 24,008.00.
This downturn resulted in a loss of approximately $83 billion in market capitalization over two trading sessions.
Sectoral Performance:
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Defence stocks saw gains, with the Nifty Defence index rising by 3.04%, as investors anticipated increased government spending in this sector.
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Real estate and banking sectors were among the worst performers; the Nifty Realty index declined by 2.38%, and ICICI Bank's shares fell by 3.16%.
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Midcap and smallcap indices also faced losses, with the Nifty Midcap 150 closing 0.02% higher and the Nifty Smallcap 250 down by 0.66%.
Notable Stock Movements:
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Titan Company bucked the trend, gaining 4.38% amid the broader market decline.
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Infosys shares decreased by 0.25%, underperforming some of its peers.
The market downturn was primarily driven by heightened geopolitical risks, including reports of missile attacks and military escalations along the India-Pakistan border.
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