Indian share markets closed lower on Wednesday amid reports that Pakistani aircraft crossed the Line of Control, a day after the Indian Air Force’s strike in Pakistan’s Khyber Pakhtunkhwa province.
Amid reports of India and Pakistan shooting down each other’s fighter jets, the BSE Sensex fluctuated throughout the day. It closed 68.28 points lower at 35,905.43. The National Stock Exchange Nifty declined 28.65 points to finish at 10,806.65.
The Sensex had closed 240 points lower on Tuesday after the air strikes. It had cracked 500 points soon after the strikes.
Asian markets gained ahead of the second summit between United States President Donald Trump and North Korean leader Kim Jong-un in Vietnam. The two leaders are scheduled to meet in Hanoi on February 27 and 28.
The top gainers on the Sensex on Wednesday were Bharti Airtel, Bajaj Auto, Larsen & Toubro, Sun Pharmaceuticals and Axis Bank. Stocks of Tata Motors, Vedanta, Hindustan Unilever, Kotak Mahindra and National Thermal Power Corporation declined.
The biggest gainers on the Nifty were UltraTech Cement Limited, Bajaj Auto, UPL, Sun Pharmaceuticals and Bharti Airtel. The top losers were Bharti Infratel, Wipro, Vedanta, Tata Motors and Titan Company.
The Indian rupee was trading 17 paise lower at 71.23 against the United States dollar at 4.05 pm.