ET Market Watch: Markets bleed as Pahalgam assault sparks pressure
Hello, you are listening to ETMarkets Radio. I’m Neha Vashishth – your host. Welcome to a brand-new episode of ET Market Watch. Let’s get to it.
Indian inventory markets plunged, reversing early good points resulting from escalating India-Pakistan tensions following a terror assault in Kashmir. However why? Let’s break it down in 5 factors
1. Geopolitical Shock
The phobia assault in Kashmir that killed 26 vacationers has rattled traders.
India-Pak tensions are flaring, diplomatic ties are downgraded, and danger sentiment is sinking.
2. Sensex Tanks
The Sensex crashed 1,100+ factors intraday, dropping under 78,700. Later, Sensex recovered and closed over 588 factors. The Nifty50? Beneath 23,900 by late morning. Nonetheless, it closed over the 24K mark. Practically ₹8.8 lakh crore in market cap worn out!
3. Financials Hit Onerous
Banks are bleeding.
Axis Financial institution led the autumn after posting weaker This fall earnings.
SBI, ICICI, HDFC Financial institution—had been all within the purple.
4. Valuations & Fatigue
Markets rallied exhausting final week—Nifty was up 8.6% in 7 days.
However that rally? Now going through revenue reserving and valuation worries.
as per analysts -Overbought alerts triggered a technical cooldown.
5. This fall Earnings Miss the Mark
HUL missed revenue estimates. Axis Financial institution’s revenue dipped.
IT giants like Infosys, Wipro? Weak steerage forward.
That’s dragging the earnings sentiment down.
Analysts say the Nifty’s caught between 24,000 and 24,500 — a call zone now.
Backside line?
Rising tensions, stretched valuations, weak earnings = Market warning.
Control what’s taking place round and stick with us for extra.
