GIFT Nifty signals weak start after India strikes terror camps in Pakistan, PoK

Indian equity markets are expected to open on a nervous note on Wednesday after the Indian Armed Forces carried out precision strikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir (PoK) under Operation Sindoor. While the government called the operation “focused, measured and non-escalatory,” early market signals suggested caution among investors.

As of 7:03 am IST, GIFT Nifty was down 104 points or 0.43% at 24,308, suggesting a mildly negative start for the trading session.

Nine Terror Targets Hit in Overnight Operation

The Ministry of Defence announced that India struck nine terror-related targets in Pakistan and PoK using special precision munitions. Key locations included Bahawalpur, Muridke, and Sialkot. The operation involved coordinated efforts from the Army, Navy, and Air Force, with assets and troops mobilised for the mission.

Read More: Will India-Pakistan conflict lead to a major stock market decline?

Officials said the targets were hubs used to plan and direct terrorist attacks against India.

"A little while ago, the Indian Armed Forces launched 'OPERATION SINDOOR', hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where terrorist attacks against India have been planned and directed," the Ministry of Defence had said.

"Our actions have been focused, measured and non-escalatory in nature. No Pakistani military facilities have been targeted. India has demonstrated considerable restraint in selection of targets and method of execution," it said.

The ministry added that the operation was launched in response to the "barbaric" terrorist attack in Pahalgam that killed 25 Indian nationals and one Nepali citizen.

"There will be a detailed briefing on 'OPERATION SINDOOR', later today," the ministry said. Meanwhile, the Indian Army posted on X: "Justice is served. Jai Hind!"

The Ministry of Defence (MoD) has announced that a press briefing on Operation Sindoor will be held on Wednesday at 10:00 AM. The briefing is expected to include further details about the operation.

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