Indian benchmarks retreat as Kashmir attack fuels geopolitical concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2025
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Source: Reuters
Market Performance: India's benchmark indexes, Nifty 50 and BSE Sensex, fell by 0.73% and 0.67% respectively due to broad sector losses and heightened geopolitical tensions following a militant attack in Kashmir that killed 26 civilians.
Sector Reactions: All major sectors declined, with small-caps and mid-caps losing 2.6% and 2%, while Reliance Industries and Maruti Suzuki saw gains ahead of their quarterly results; however, Axis Bank faced a 3.7% drop after its earnings report indicated potential asset quality issues.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
