Sensex drops 589 points, Nifty falls 207 amid India-Pakistan tensions; profit-taking adds to market downturn.

Indian stock markets experienced a sharp decline on Friday as the Sensex tumbled 589 points and the Nifty fell 207 points. The downturn was largely influenced by the escalating tensions on the India-Pakistan border. Additionally, profit-taking following a strong seven-session rally also played a role in the market’s drop. Investors were cautious amidst the geopolitical uncertainties, leading to a bearish sentiment in the stock markets. The Sensex and Nifty’s significant losses reflect the impact of the border tensions on investor confidence and market stability. Traders are closely monitoring the situation and its potential effects on the financial markets.

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