Key benchmark indices witnessed broad-based selling pressure on geopolitical concerns after Indian Army said that India had conducted surgical strikes against chosen terror camps inside Pakistan occupied Kashmir late last night.
The S&P BSE Sensex was currently down 465.28 points, or 1.64% at 27,827.53.
The Indian Army conducted surgical strikes on terror launch pads yesterday, 28 September 2016 night across the Line of Control (LoC) in Pakistan, killing several terrorists and causing significant casualties to their hideouts. The press conference was jointly conducted by the Ministry of External Affairs and the Ministry of Defence. The Pakistani military reportedly said no such strike had taken place but that there had been an exchange of firing at the frontier.
All the 19 sectoral indices on BSE declined. The S&P BSE Realty index (down 6.31%), the S&P BSE Power index (down 4.11%), the S&P BSE Utilities index (down 3.49%), the S&P BSE Basic Materials index (down 3.48%), the S&P BSE Industrials index (down 3.29%) were the key sectoral indices losers.
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