\n<\/p>\n
Indian shares were sharply lower on Friday as investors reacted to the latest updates on the India-Pakistan conflict. <\/p>\n
The Indian Army said that Pakistan attempted to target military installations in Jammu, Pathankot, and Udhampur using missiles and drones and these attacks were successfully neutralized. <\/p>\n
Pakistan also reportedly made “numerous cease fire violations” along the Line of Control and the alleged “violations” were met with a “befitting reply.”<\/p>\n
In response, the Indian Navy carried out missile strikes on strategic Pakistani naval bases in Karachi, resulting in significant damage and widespread panic along the country’s coastline. <\/p>\n
This marks the first reported naval offensive by India against Pakistan since the 1971 war.<\/p>\n
Meanwhile, U.S. Vice President JD Vance has said that the conflict between India and Pakistan is ‘fundamentally none of our business<\/span>‘. <\/p>\n “We can’t control these countries, though. Fundamentally, India has its gripes with Pakistan, and Pakistan has responded to India. What we can do is to urge these folks to de-escalate a little bit, but we are not going to get involved in a war that is fundamentally none of our business and has nothing to do with America’s ability to control it,” Vance said.<\/p>\n The benchmark S&P\/BSE Sensex was down 700 points, or 0.9 percent, at 79,634 in early trade, while the broader NSE Nifty index fell 230 points, or 1 percent, to 24,044. <\/p>\n Among the prominent decliners, Bajaj FinServ, Nestle India, Hindustan Unilever, ICICI Bank, UltraTech Cement and Power Grid Corp tumbled 2-3 percent.<\/p>\n Defense stocks were rising, thanks to the sharp escalation in the India-Pakistan tensions. <\/p>\n Bharat Forge rose 2.3 percent, Bharat Dynamics soared 7.6 percent, Bharat Electronics surged 4.6 percent and Hindustan Aeronautics jumped more than 3 percent. <\/p>\n Tata Motors rallied 3.5 percent after the U.S. struck its first trade agreement with the U.K. in a breakthrough deal. <\/p>\n<\/p>\n<\/div>\n