Report published in Hindustan times claims that Bombay stock market plunged over 500 points in afternoon trading after statements from the Indian army confirmed surgical strikes against terrorists in Pakistan. This raised worries among traders that it could escalate into a wider conflict.The BSE Sensex, which was in positive territory in the morning session, nosedived 572 points at one point post noon just after the army made announcement in a press conference. It was trading at 27,936.58, still down 356 points or 1.3% at 1pm. Similarly, the NSE Nifty was trading down 111 points or 1.3% at 8,633.80.
Panic triggered among Indian traders after they claim to done surgical strike along LoC. ISPR said
“There has been no surgical strike by India,instead there had been cross border fire initiated and conducted by India which is existential phenomenon. As per rules of engagement same was strongly and befittingly responded by Pakistani troops.
The notion of surgical strike linked to alleged terrorists bases is an illusion being deliberately generated by Indian to create false effects.This quest by Indian establishment to create media hype by rebranding cross border fire as surgical strike is fabrication of truth. Pakistan has made it clear that if there is a surgical strike on Pakistani soil, same will be strongly responded”.