Midday Report- Markets in red. Nifty below 24,050

The benchmark indices were trading lower on May 09, 2025, due to ongoing India-Pakistan tensions. The rising tensions between India and Pakistan sparked a selloff in the benchmark indices. Majority of the sectoral indices were in red except consumer durables, capital goods, auto. BSE Midcap index down 0.68% and smallcap index down 1.04%. At 12.51 pm, Sensex fell by 0.98% or 793 points to 79,544. The Nifty dipped by 1.01% or 244 points to 24,028.

Global Update-

Asia-Pacific markets were mixed on May 09, as investors parsed China’s April trade data.

Europe stocks set to rise as investors look ahead to US-China trade talks in Switzerland.