Stock Market Today: Nifty, Sensex End Lower On Fresh Escalation In India-Pakistan Tensions; Zomato Top Loser

In the last hour of Thursday's session, the NSE Nifty 50 and BSE Sensex declined steeply after the Ministry of Defence said that they negated Pakistan's missile attack on cities near India's western and northern borders. In defense, India's security forces also intercepted Lahore's air defence system. The Nifty 50 declined 1.08% to the day's low of Rs 24,150.2. The BSE Sensex declined 0.94% to 79,987.61.

The market cap of NSE companies fell Rs 5.05 lakh crore Rs 416.36 lakh crore on Thursday.

The Nifty 50 ended 140.60 points or 0.58% down at 24,273.80, and the Sensex ended 411.97 points or 0.51% down at 80,334.81.

The new development came the day after India destroyed nine terror bases located in Pakistan and Pakistan-Occupied Kashmir. This spooked investors about possibility of a war between two countries, subsequently, propelling them to take out money from domestic equities.

• Rupee closed 89 paise weaker at 85.72 against US Dollar 

• It closed at 84.83 a dollar on Wednesday

Source: Bloomberg

The rupee declined 96 paise to 85.79 a dollar, while the benchmark yield on 10-year bon rose 5 basis point to 6.39% after India responded to Pakistan's unprovoked firing.

The India VIX, which measures the volatility in domestic equity marketa, jumped 12.70% to 21.48. It was trading 7.56% higher at 20.48 as of 3:05 p.m.

For live updates on India-Pakistan tension click here.

The NSE Nifty 50 and BSE Sensex extended their losses during the last leg of the trade after the Ministry of Defence said that it has neutralised Pakistan's attempt to target cities in North and West India. India's security forces responded by neutralising Lahore's air defence system.