• 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

  • Biden admin extends $10B Iran sanctions waiver 2 days after Trump election win

    December 11, 2024
  • AUDUSD and AUDNZD: AUDUSD is  under pressure on Friday

    August 9, 2024
  • Kamala Harris hit with articles of impeachment over border crisis, ‘misleading’ people on Biden

    July 23, 2024
  • LIZ PEEK: Democrats are squealing over latest Trump plan to cut wasteful spending for one reason

    March 11, 2025
  • Is the woke era over?

    November 22, 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

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

    December 4, 2024
  • 3

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

    July 19, 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 (5,087)
  • Investing (634)
  • Stock (815)

Latest Posts

  • X sees major outages as Musk claims ‘massive cyberattack’ hit platform

    March 11, 2025
  • Saudi Arabia contradicts Trump, vows no ties with Israel without creation of Palestinian state

    February 5, 2025
  • Mike Johnson re-elected speaker: Here were the top three moments of the dramatic vote

    January 4, 2025

Recent Posts

  • Turkey’s Erdogan continues crackdown on protesters following arrest of main rival on corruption charges

    March 24, 2025
  • AG Pam Bondi says FBI delivered ‘truckload’ of Epstein files after she put out hard deadline

    March 4, 2025
  • Crypto market snapshot, Dec 4: Bitcoin at $96K, Tron soars 75%

    December 4, 2024

Editor’s Pick

  • Chipotle downplays looming Trump tariffs, says only half of its avocados are from Mexico

    February 6, 2025
  • Top House Democrat leaves Schumer in the cold amid left’s disarray on shutdown drama

    March 14, 2025
  • Best energy ETF for a Trump presidency: Will XLE shine amidst pro-oil policies?

    July 23, 2024
  • 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