💨 Abstract

Equity indices Sensex and Nifty declined sharply on Friday due to selling in Axis Bank and escalating geopolitical tensions along the Indo-Pak border following a terror attack in Jammu & Kashmir. Both indices dropped over 0.7% and 0.9%, respectively. Experts attributed the sell-off to concerns over potential earnings downgrades and heightened geopolitical uncertainty, leading investors to adopt a risk-off approach.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖