Indian Markets Steady After 'Operation Sindoor' Strikes

Indian stock and currency markets remained stable following India's major retaliatory military strikes, known as 'Operation Sindoor', targeting terror camps in Pakistan and Pakistan-occupied Kashmir after an attack killed 26 Indian tourists. The strikes were widely anticipated and largely priced in, with foreign institutional investors maintaining their support for Indian equities. The rupee saw only a modest decline, in line with other Asian currencies, and market volatility remained contained. Experts highlighted that the focused nature of India's response, strong macroeconomic fundamentals, and ongoing trade negotiations helped bolster investor confidence. Historical comparisons suggest markets are likely to recover quickly unless the conflict escalates further. Pakistan, having labeled the strikes an 'act of war', has threatened retaliation, keeping markets alert for further developments.