Markets a casualty in India-Pak geopolitical flare up; Sensex dips 412 pts

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Markets a casualty in India-Pak geopolitical flare up; Sensex dips 412 pts - Business Standard

Quick Summary:

The BSE Sensex tanked 411.97 points, or 0.51 per cent towards the fag end of the trading session after trading rangebound for most part of the day.

The market breadth remained negative as 2,552 out of 4,032 traded stocks on the BSE ended in the red, while 1,345 ended higher, and 135 remained unchanged.

The fall was triggered by news reports that India had neutralised an air defence system in Lahore in a measured military response to Pakistan’s attempted drone and missile attacks on multiple Indian military installations the previous night.