• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

Pahalgam terror attack: J&K Bank shares fall; analysts warn of short-term volatility if India retaliates

by April 23, 2025
written by April 23, 2025

Jammu and Kashmir Bank shares declined sharply on Wednesday, falling nearly 9% in early trade after a terror attack in the popular tourist destination of Pahalgam in the north Indian region of Jammu & Kashmir left at least 26 civilians dead.

The incident, which occurred on Tuesday afternoon at Baisaran, a scenic meadow often called “mini Switzerland,” has raised fears of heightened instability in the region and triggered a negative reaction from investors.

The stock dropped as much as 8.6% on the BSE, hitting an intraday low of ₹103.41 per share.

On the National Stock Exchange (NSE) and BSE combined, nearly 16.1 million shares were traded by 10:30 AM, significantly above the two-week average volume.

On the BSE alone, around 0.70 million shares changed hands, well above the recent average of 0.52 million shares.

At 1:10 pm IST, the stock was down by 8.05%.

According to Deepak Jasani, a stock market veteran quoted in Business Standard, the stock experienced a knee-jerk reaction on the downside.

“The evolving situation in the region will drive sentiment in the stock over the coming days. The stock may recover with some gap if the situation does not deteriorate further,” he said.

One of the deadliest attacks on civilians; TRF takes responsibility

The attack occurred around 3 PM on Tuesday in Baisaran, located about six kilometres from Pahalgam in Jammu and Kashmir.

The meadow is a well-known tourist attraction, drawing visitors from across India and abroad during spring and summer months.

The Resistance Front (TRF), a proxy of the banned Pakistan-based Lashkar-e-Taiba group, claimed responsibility for the attack.

In a public statement, Jammu and Kashmir Chief Minister Omar Abdullah said the assault was “much larger than anything we’ve seen directed at civilians in recent years,” hinting at the potential implications for both local security and regional geopolitics.

The incident has drawn international condemnation. US President Donald Trump, Russian President Vladimir Putin, and British Prime Minister Keir Starmer all issued statements denouncing the attack and expressing solidarity with India.

Retaliation by India could lead to short-term market volatility: analysts

Despite the tragic incident, broader Indian markets continued their upward momentum, with benchmark indices extending their rally for a seventh consecutive session on Wednesday.

Analysts believe this reflects investor confidence in the resilience of the Indian economy, although geopolitical concerns remain in focus.

Vinit Bolinjkar, Head of Research at Ventura Securities, said any retaliation by India could lead to short-term market volatility.

“Unless India undertakes strong military action against Pakistan, any market reaction may be limited. We’ve already seen the markets absorb extreme events like the Russia-Ukraine war and the US-China tariff standoff under President Trump,” he said.

Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, echoed this view.

He stated that investors would be closely watching the government’s next steps, whether through diplomatic measures, targeted operations, or a wider military response.

“Today’s macroeconomic backdrop is very different from what it was during the 1999 Kargil War. India’s GDP has grown more than tenfold in just over two decades,” Bathini added, suggesting that the country is now better positioned to absorb such geopolitical shocks.

Veteran analyst Ajay Bagga noted on X (formerly Twitter) that while markets may stay cautious in the near term, any declines in the wake of potential Indian retaliation would likely be short-lived, as seen in past instances.

The post Pahalgam terror attack: J&K Bank shares fall; analysts warn of short-term volatility if India retaliates appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Indian markets open: Sensex reclaims 80K, Nifty nears 24.3K as tech rally powers 7th day gains
next post
Europe markets open: Gains expected after Trump walks back Powell dismissal, trade hopes rise

related articles

Asian markets open: Nikkei, Hang Seng fall on...

June 12, 2025

Aluminum and steel tariffs spark rise in secondary...

June 12, 2025

Airbus sees aviation boom ahead, global fleet to...

June 12, 2025

US-China trade talks and Washington’s decade-long effort to...

June 12, 2025

Europe markets open: Stoxx 600 dips as UK...

June 12, 2025

UK GDP falls by 0.3% in April as...

June 12, 2025

Gordon Brothers buys Poundland; pledges £80 mn for...

June 12, 2025

Air India plane crash: London-bound flight with 242...

June 12, 2025

Air India plane crash live update: Indian President...

June 12, 2025

Copper remains supported for now even as China...

June 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • MLK celebration and Trump inauguration: What one historic day means for America

    January 20, 2025
  • Chinese companies secure record $14 billion in offshore convertible bonds amid high-interest rates

    July 23, 2024
  • President Trump urged to pardon 76-year-old grandmother, others in prison for pro-life activism

    January 21, 2025
  • Gold and Silver: New Weekly Lows and Potential Targets

    October 9, 2024
  • He plays rich on screen but dreams of full-time work: ‘Why can’t I get a living wage?’

    July 12, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,654)
  • Investing (634)
  • Stock (874)

Latest Posts

  • SEE IT: Republicans reveal expectations for Elon Musk’s closed-door meeting with lawmakers tonight

    March 5, 2025
  • Nancy Pelosi claims Dem primary process was ‘open’ and Kamala Harris ‘won it’

    September 19, 2024
  • Special Counsel Smith seeks to dismiss Jan. 6 charges, appeal in classified records case against Trump

    November 25, 2024

Recent Posts

  • Europe says no to Trump push to lift sanctions on Russia, upending Black Sea ceasefire

    March 27, 2025
  • Microsoft laying off about 9,000 employees in latest round of cuts

    July 3, 2025
  • Ford CEO Jim Farley reveals key advantage over crosstown rivals: ‘No other company has Ford Pro’

    August 5, 2024

Editor’s Pick

  • India’s market cap falls below $4 trillion: what’s behind the slump?

    February 14, 2025
  • SCOOP: Dems who derailed Al Green censure could be stripped of House committee roles

    March 6, 2025
  • Trump urges House Republicans to ignore ‘grandstanders’ and deliver his ‘big, beautiful bill’ by July 4

    July 1, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock