Pakistan’s benchmark KSE-100 index crashed over 5.5% on Wednesday after the Indian Armed Forces launched Operation Sindoor, targeting terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir (PoK). The operation was carried out in response to the deadly April 22 attack in Pahalgam that left 26 people dead.
The KSE-100 index plunged 6,272 points, or 5.5%, to 107,296 in early trade. Since April 23, the index has lost a total of 9,930 points.
Meanwhile, back home, Indian equity markets showed resilience. After a weak start, benchmark indices erased early losses and moved into positive territory. The BSE Sensex rose 166 points, or 0.21%, to 80,802 in early trade, while the Nifty50 gained 59 points, or 0.24%, to 24,438.
Nine terror targets hit overnight
The Ministry of Defence announced that India struck nine terror-related targets in Pakistan and PoK using special precision munitions. Key locations included Bahawalpur, Muridke, and Sialkot. The operation involved coordinated efforts from the Army, Navy, and Air Force, with assets and troops mobilised for the mission.
Officials said the targets were hubs used to plan and direct terrorist attacks against India.
"A little while ago, the Indian Armed Forces launched 'OPERATION SINDOOR', hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where terrorist attacks against India have been planned and directed," the Ministry of Defence had said.
"Our actions have been focused, measured and non-escalatory in nature. No Pakistani military facilities have been targeted. India has demonstrated considerable restraint in selection of targets and method of execution," it said.
The ministry added that the operation was launched in response to the "barbaric" terrorist attack in Pahalgam that killed 25 Indian nationals and one Nepali citizen.
"There will be a detailed briefing on 'OPERATION SINDOOR' later today," the ministry said. Meanwhile, the Indian Army posted on X: "Justice is served. Jai Hind!"
Pakistan confirms casualties
Meanwhile, Pakistan’s military confirmed that Indian missiles struck multiple locations inside Pakistani territory, including Kotli, Bahawalpur, Muridke, Bagh, and Muzaffarabad, according to a report by Dawn.
Director General of Inter-Services Public Relations (DG ISPR), Lt Gen Ahmed Sharif Chaudhry, stated that the strikes killed one child and injured 12 others in Ahmedpur East, while two civilians were killed in Kotli.
During a late-night press briefing, DG ISPR stated, "Some time ago from now, the cowardly enemy India launched air strikes on Subhanullah mosque in Bahwalpur's Ahmed East area, Kotli and Muzaffarabad at three places from the air."
He also said that the Pakistan Air Force had deployed jets in response. “All of our air force jets are airborne. This cowardly and shameful attack was carried out from within India’s airspace. They were never allowed to come and intrude into the space of Pakistan.”
Lt Gen Chaudhry added that Pakistan's response would come at its discretion. "Let me say it unequivocally: Pakistan will respond to this at a time and place of its own choosing."
He stated that damage assessments were underway and further updates would be provided. According to Dawn, there was a complete blackout in Muzaffarabad following the blasts.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The KSE-100 index plunged 6,272 points, or 5.5%, to 107,296 in early trade. Since April 23, the index has lost a total of 9,930 points.
Meanwhile, back home, Indian equity markets showed resilience. After a weak start, benchmark indices erased early losses and moved into positive territory. The BSE Sensex rose 166 points, or 0.21%, to 80,802 in early trade, while the Nifty50 gained 59 points, or 0.24%, to 24,438.
Nine terror targets hit overnight
The Ministry of Defence announced that India struck nine terror-related targets in Pakistan and PoK using special precision munitions. Key locations included Bahawalpur, Muridke, and Sialkot. The operation involved coordinated efforts from the Army, Navy, and Air Force, with assets and troops mobilised for the mission.
Officials said the targets were hubs used to plan and direct terrorist attacks against India.
"A little while ago, the Indian Armed Forces launched 'OPERATION SINDOOR', hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where terrorist attacks against India have been planned and directed," the Ministry of Defence had said.
"Our actions have been focused, measured and non-escalatory in nature. No Pakistani military facilities have been targeted. India has demonstrated considerable restraint in selection of targets and method of execution," it said.
The ministry added that the operation was launched in response to the "barbaric" terrorist attack in Pahalgam that killed 25 Indian nationals and one Nepali citizen.
"There will be a detailed briefing on 'OPERATION SINDOOR' later today," the ministry said. Meanwhile, the Indian Army posted on X: "Justice is served. Jai Hind!"
Pakistan confirms casualties
Meanwhile, Pakistan’s military confirmed that Indian missiles struck multiple locations inside Pakistani territory, including Kotli, Bahawalpur, Muridke, Bagh, and Muzaffarabad, according to a report by Dawn.
Director General of Inter-Services Public Relations (DG ISPR), Lt Gen Ahmed Sharif Chaudhry, stated that the strikes killed one child and injured 12 others in Ahmedpur East, while two civilians were killed in Kotli.
During a late-night press briefing, DG ISPR stated, "Some time ago from now, the cowardly enemy India launched air strikes on Subhanullah mosque in Bahwalpur's Ahmed East area, Kotli and Muzaffarabad at three places from the air."
He also said that the Pakistan Air Force had deployed jets in response. “All of our air force jets are airborne. This cowardly and shameful attack was carried out from within India’s airspace. They were never allowed to come and intrude into the space of Pakistan.”
Lt Gen Chaudhry added that Pakistan's response would come at its discretion. "Let me say it unequivocally: Pakistan will respond to this at a time and place of its own choosing."
He stated that damage assessments were underway and further updates would be provided. According to Dawn, there was a complete blackout in Muzaffarabad following the blasts.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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