Indian Air Force has reportedly conducted strikes across the LoC against terrorist launch pads. Quoting unnamed sources in the Indian Air Force, ANI said a dozen Mirage-2000 Indian fighter jets dropped 1,000 kg bombs on terror camps across the Line of Control, the de-facto border between the two countries in Kashmir.
At 9.30am, the 30-share Sensex shed 1% or 349.77 points to 35,863.61 points, while National Stock Exchange’s 50-share Nifty dropped 1% or 104.80 points to 10,775.30 points.
The home currency was trading at 71.31, down 0.45% from its previous close of 70.98. It opened at 71.19 a dollar.
The 10-year bond yield was trading at 7.425% from its Monday's close of 7.413%. Bond yields and prices move in opposite directions.
NSE’s Volatility Index or VIX, a measure of near-term market volatility, rose 10% to 15.3575.
All the sectoral indices were in the red. BSE Realty Index and BSE Consumer Durables Index were down 1.1% each. BSE mid-cap and small-cap indices fell 0.8% each.