Markets face surgical correction as India goes for surgical attack on Pak

Indian army has taken a tough stance against its neighbour Pakistan last night conducting 8 surgical strikes to safeguard its base. Speaking to the media houses, DMGO Lt. Gen. Ranbir Singh said significant casualties have been caused to terrorists and those trying to shield them.

There were launch pads across the LoC where terrorists were present waiting to infiltrate the nation and attack areas in Kashmir and metros across the country. On the news the market reacted sharply with Sensex plunging by 500 points and soon recovered 300 points. The BSE Sensex as at12.55 pm has fallen by 456 points and the NSE index too has lost 129 points. On the contrary, the NSE VIX index is up by 20 per cent on an intraday basis.