FX.co ★ Sensex Ends on Lower Note

The BSE Sensex in India concluded Friday's trading approximately 1.1% lower, reaching two-week troughs at 79,454.5, continuing the decline from the previous day. This downturn was chiefly driven by escalating tensions between India and Pakistan, marked by renewed cross-border drone and missile assaults from Pakistan, which heightened concerns about a broader conflict. On the other hand, market sentiment found some balance through ongoing foreign investments and optimism surrounding a possible US-India trade agreement, in the wake of India's recent deal with the UK. Please note, the Indian markets will remain closed on Monday, May 12.