Markets Volatile, Nifty above 24,400, Sensex near 80,700; Volatility Index surges 3% as India launches ‘Operation Sindoor

Synopsis : Indian markets turned volatile amid geopolitical uncertainty triggered by India's "Operation Sindoor," with Nifty holding above 24,400 and the Sensex hovering near 80,700. The Volatility Index surged 3%, as investors react cautiously to rising cross-border tensions.

Markets React to Operation Sindoor; Nifty Hangs Above 24,400 Amid Volatility Spike

Indian equity markets opened cautiously higher on Wednesday, but volatility quickly crept in following news of India's launch of ‘Operation Sindoor’, a military retaliation targeting nine terror camps across Pakistan. The operation is in response to the April 22 Pahalgam terror attack, which resulted in 26 casualties.

At last count, the BSE Sensex was trading around 80,700, while the NSE Nifty held above the 24,400 mark. The India VIX, a measure of market volatility, spiked by 3%, underscoring investor caution amid fresh geopolitical concerns.

Key Developments Driving Market Sentiment:

Operation Sindoor : The Indian armed forces conducted missile strikes on nine terrorist facilities in Pakistan. In retaliation, Pakistan has initiated heavy shelling along the Line of Control (LoC), increasing regional tension.

Civil Defence Drill Nationwide: The Indian government has asked all states to participate in a nationwide Civil Defence Exercise on May 7, testing emergency preparedness across 244 districts.

Global Market Cues:

Early Asian markets traded in the green, providing limited support.

US markets closed lower on Tuesday, rattled by uncertain trade commentary from President Donald Trump.

However, US futures rebounded, with the Dow Jones futures rising 280 points, boosted by news of upcoming US-China trade talks in Switzerland.

Key Market Indicators:

Sensex : ~80,700

Nifty 50 : ~24,400

India VIX : +3%

US Futures : Dow +280 pts

Disclaimer : This article is for informational purposes only and is not intended as investment advice. Please consult a certified financial advisor before making any trading or investment decisions.