New Delhi, May 11 (H.S.): The ongoing tensions between India and Pakistan have caused significant fluctuations in the domestic stock market over the past week. Both the Sensex and Nifty indices saw declines of more than 1 percent, interrupting a three-week rally amid fears of possible war. By the end of the trading week, the Sensex closed at 79,454.47 points, down 1,047.52 points (1.30 percent), while the Nifty finished at 24,008 points, a decrease of 338.7 points (1.41 percent).

The BSE’s Large Cap Index dropped 1.50 percent, with major losers including Adani Energy Solutions and Bank of Baroda, while Polycab India and Tata Motors emerged as top gainers. The Midcap Index also fell by 1.41 percent, witnessing gains from stocks like Yes Bank, but losses were noted in companies like Torrent Power. The Small Cap Index experienced a decline of 1.32 percent, with substantial losses (15 to 27 percent) in stocks such as KR Rail Engineering, although some, like KPR Mill, achieved gains of 20 to 36 percent. Sector-wise, the real estate sector faced the steepest decline, with the Nifty Real Estate Index down by 6.5 percent, followed by the PSU Bank Index falling by 4.4 percent.Conversely, the automobile and media sectors enjoyed positive momentum, leading their respective indices to gain over 1 percent.

Hindusthan Samachar / Jun Sarkar