Sensex, rupee go down as army strikes at terrorists across line of control

Analysts say the inflows from the foreign investors would be closely watched. Foreign investors have put in nearly $7 billion into the Indian markets so far this year.

The broader markets which had recently outperformed the benchmark indices also came under heavy selling pressure. The BSE mid-cap and small-cap indices slumped nearly 4 per cent.

“Markets will closely watch the next few days for further developments. Any such conflict creates uncertainty in the investment climate,” said Shubhada Rao, chief economist at Yes Bank.

The selling pressure was intense across all the sectors. 48 out of 51 stocks in Nifty ended in the red.

(Sourced from agencies, Feature image courtesy:oneindia.com)