Indian stock markets closed the week sharply lower as rising geopolitical tensions between India and Pakistan spooked investors and triggered a wave of selling across sectors.

The Nifty fell by 1.39 per cent to close at 24,008, while the Sensex slipped 1.30 per cent to end at 79,454.47.

Sector-wise, realty, banking, pharma, and financial services stocks suffered the most, with declines ranging between 2 per cent and 6 per cent.

On the other hand, auto and media stocks showed some resilience and helped cushion the fall. Broader markets were also impacted, with mid- and small-cap indices losing between 0.90 per cent and 2.17 per cent.

ਕੇਂਦਰ ਨੇ ਸ਼ਨੀਵਾਰ ਨੂੰ 'ਆਪ੍ਰੇਸ਼ਨ ਸਿੰਦੂਰ' 'ਤੇ ਇੱਕ ਵਿਸ਼ੇਸ਼ ਬ੍ਰੀਫਿੰਗ ਵਿੱਚ, ਭਾਰਤ ਦੇ ਫੌਜੀ ਅਤੇ ਨਾਗਰਿਕ ਕੇਂਦਰਾਂ ਨੂੰ ਵਾਰ-ਵਾਰ ਨਿਸ਼ਾਨਾ ਬਣਾ ਕੇ ਮਾਮਲੇ ਨੂੰ ਵਧਾਉਣ ਦੀ ਪਾਕਿਸਤਾਨ ਦੀ ਬੇਸ਼ਰਮੀ ਭਰੀ ਕੋਸ਼ਿਸ਼ ਨੂੰ ਨਕਾਰਿਆ ਅਤੇ ਅਫਵਾਹਾਂ ਫੈਲਾਉਣ ਲਈ ਰਾਜ-ਪ੍ਰਯੋਜਿਤ ਪ੍ਰਚਾਰ ਮਸ਼ੀਨਰੀ ਦੀ ਵੀ ਨਿੰਦਾ ਕੀਤੀ। ਬ੍ਰੀਫਿੰਗ ਵਿੱਚ ਰਾਸ਼ਟਰ ਨੂੰ ਇਹ ਵੀ ਭਰੋਸਾ ਦਿਵਾਇਆ ਗਿਆ ਕਿ ਪਾਕਿਸਤਾਨ ਦੀਆਂ ਸਾਰੀਆਂ ਨਾਪਾਕ ਕੋਸ਼ਿਸ਼ਾਂ ਨੂੰ ਸੁਚੇਤ ਭਾਰਤੀ ਫੌਜ ਨੇ ਨਾਕਾਮ ਕਰ ਦਿੱਤਾ ਹੈ।

ਵਿਦੇਸ਼ ਸਕੱਤਰ ਵਿਕਰਮ ਮਿਸਰੀ ਦੀ ਅਗਵਾਈ ਵਿੱਚ ਪ੍ਰੈਸ ਬ੍ਰੀਫਿੰਗ ਵਿੱਚ, ਫੌਜ ਦੇ ਕਰਨਲ ਸੋਫੀਆ ਕੁਰੈਸ਼ੀ ਨੇ ਕਿਹਾ ਕਿ ਪਾਕਿਸਤਾਨ ਭਾਰਤੀ ਫੌਜੀ ਥਾਵਾਂ ਨੂੰ ਨਿਸ਼ਾਨਾ ਬਣਾਉਣ ਲਈ ਡਰੋਨ, ਲੰਬੀ ਦੂਰੀ ਦੇ ਹਥਿਆਰਾਂ, ਗੋਲਾ-ਬਾਰੂਦ ਅਤੇ ਲੜਾਕੂ ਜਹਾਜ਼ਾਂ ਨਾਲ ਭਾਰਤ ਦੀਆਂ ਪੱਛਮੀ ਸਰਹੱਦਾਂ 'ਤੇ ਲਗਾਤਾਰ ਹਮਲੇ ਕਰ ਰਿਹਾ ਹੈ।

ਇੱਕ ਖਾਸ ਤਣਾਅ ਵੱਲ ਇਸ਼ਾਰਾ ਕਰਦੇ ਹੋਏ, ਉਸਨੇ ਦੱਸਿਆ ਕਿ ਪਾਕਿਸਤਾਨ ਦੁਆਰਾ ਕੱਲ੍ਹ ਰਾਤ 1.40 ਵਜੇ ਪੰਜਾਬ ਵਿੱਚ ਇੱਕ ਹਵਾਈ ਅੱਡੇ ਨੂੰ ਨਿਸ਼ਾਨਾ ਬਣਾਉਣ ਲਈ ਇੱਕ ਤੇਜ਼ ਰਫ਼ਤਾਰ ਮਿਜ਼ਾਈਲ ਦਾਗੀ ਗਈ, ਜੋ ਕਿ ਅੰਤਰਰਾਸ਼ਟਰੀ ਨਿਯਮਾਂ ਦੀ ਸਪੱਸ਼ਟ ਉਲੰਘਣਾ ਹੈ।

The Centre, in a special briefing on 'Operation Sindoor' on Saturday, called out Pakistan’s brazen attempt to escalate the matter by repeatedly targeting India’s military as well as civilian centres and also slammed the state-sponsored propaganda machinery for spewing canards. The briefing also assured the nation that all of Pakistan's nefarious attempts had been thwarted by the alert Indian military.

In the Press briefing, helmed by Foreign Secretary Vikram Misri, Army Colonel Sofiya Qureshi said that Pakistan has been continuously attacking India’s western borders with drones, long-range weapons, loitering munitions and also fighter jets to target Indian military sites.

Pointing to a particular escalation, she informed that a high-speed missile was launched by Pakistan at 1.40 am, last night to target an air base in Punjab, in clear violation of the international norms.

The 'Operation Sindoor' briefing team collectively held Pakistan responsible for the escalation, while stating that India acted in a measured and calibrated manner to destroy terror hubs but Pakistan was deliberately targeting civilian and military infrastructure on the Indian side.

In a significant development, the Border Security Force (BSF) has destroyed a terror launchpad in Looni, District Sialkot, opposite Akhnoor area, on Saturday morning, which was being used to launch tube-drones for hitting intended targets in various cities, top defence sources said.

"On 9 May 2025, from about 2100 hrs, Pakistan initiated unprovoked firing on BSF posts in the Jammu Sector. BSF responded in a commensurate manner, causing widespread damage to the posts and assets of the Pakistan Rangers along the International Boundary. The terrorist launchpad at Looni, District Sialkot, opposite Akhnoor area, was destroyed. Our resolve to protect India's sovereignty is unshaken," the BSF said in a statement.

Powerful explosions were heard at several airbases in Pakistan this morning. The blasts hit its three air force installations, namely, Nur Jhan Airbase in Rawalpindi, Murid Air Base in Chakwal, and Rafiqui Air Base in Jhang, as per the Pakistani military.

India stated on Saturday that it has responded in a "measured manner" to the ongoing provocations and escalations by Pakistan.

Addressing the press conference on 'Operation Sindoor', Foreign Secretary Vikram Misri, along with Indian Army Colonel Sofiya Qureshi and Indian Air Force Wing Commander Vyomika Singh, briefed the nation about the current situation along the India-Pakistan border.

"Pakistani activities have continued to escalate with provocation over the past two to three days. In response, India has defended and reacted in a measured fashion to these provocations and escalations by the Pakistani side. Earlier this morning, we saw a repeat of these escalatory and provocative factors," Misri said.

Pakistan launched multiple armed drones from its soil over Khasa Cantt in Amritsar; however, the UAVS were successfully intercepted by the Indian Army's air defence systems.

In yet another befitting reply to Pakistan's nefarious activities, the Border Security Force (BSF) has completely destroyed a Pakistani post and a terrorist launch pad in Looni, District Sialkot, opposite Akhnoor area, from where the tube drones were being launched to attack India.

"On 9 May 2025, from about 2100 hrs, Pakistan initiated unprovoked firing on BSF posts in the Jammu Sector. BSF responded in a commensurate manner, causing widespread damage to the posts and assets of the Pakistan Rangers along the International Boundary.

"The terrorist launch pad at Looni, District Sialkot opposite Akhnoor area was completely destroyed by the BSF. Our resolve to protect India's sovereignty is unshaken," the BSF said in a statement.

In another significant development along the Western front, the Indian Army on Saturday confirmed that its air defence units had intercepted and destroyed multiple armed drones from Pakistan flying over Khasa Cantt in Amritsar, reaffirming its resolve to counter any threat to national security.

The Airports Authority of India (AAI) and relevant aviation authorities have issued a series of Notices to Airmen (NOTAMs), announcing the temporary closure of 32 airports across northern and western India for all civil flight operations, effective till May 14.

The closure “corresponds to 0529 IST on 15th May 2025, due to operational reasons,” said the Ministry of Civil Aviation in its latest update in the early morning hours.

The following airports are affected by the NOTAM — Adhampur, Ambala, Amritsar, Awantipur, Bathinda, Bhuj, Bikaner, Chandigarh, Halwara, Hindon, Jaisalmer, Jammu, Jamnagar, Jodhpur, Kandla, Kangra (Gaggal), Keshod Kishangarh, Kullu Manali (Bhuntar), Leh, Ludhiana, Mundra, Naliya, Pathankot Patiala, Porbandar, Rajkot (Hirasar), Sarsawa, Shimla, Srinagar, Thoise and Uttarlai.

All civil flight activities at these airports will remain suspended during this period. The Airports Authority of India (AAI) has also extended the temporary closure of 25 segments of Air Traffic Service (ATS) routes within the Delhi and Mumbai Flight Information Regions (FIRs) due to operational reasons.

As Pakistani troops continued resorting to heavy mortar shelling on the Indian side along the Line of Control (LoC), India on Friday slammed the rogue nation for specifically targetting religious places labelling it as a "new low even for Pakistan".

"We have seen the Pakistani side targetting and shelling places of worship with a particular design, including gurdwaras, churches and temples. This is a new low even for Pakistan," Foreign Secretary Vikram Misri said during a special media briefing on Operation Sindoor in New Delhi.

Misri not only highlighted Pakistani Army's attack on a Gurdwara in Poonch - which resulted in the death of some local members of the Sikh community, including the Ragi of the Gurdwara - but also the shelling on Christian schools, exposing Pakistan's false claims of not targetting any religious places.

The women officers of the Indian Armed Forces made a startling disclosure about Pakistan’s nefarious plot in the ongoing military face-off and told the press that its army fired around 300-400 drones on the intervening nights of May 8 and May 9 at about 36 locations along the Western border. The drones are apparently Turkey-made. However, an evidence to this effect is awaited.

“The possible purpose of such large-scale aerial intrusion was to attempt infiltration and test India’s air defence system and collect intelligence,” informed the women officers, Colonel Sofiya Qureshi and Wing Commander Vyomika Singh, during a special press briefing by the Ministry of External Affairs (MEA) on 'Operation Sindoor'.

India’s largest lender, State Bank of India (SBI), announced on Friday that it will sell a 13.19 per cent stake in private lender Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 8,889 crore.

The move is part of a strategic shift as SBI trims its holding in Yes Bank, which it had acquired during the latter’s financial crisis in 2020. SBI will offload over 413 crore shares of Yes Bank at Rs 21.50 per share.

“Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we advise that the Executive Committee of the Central Board (ECCB) of the Bank, in the meeting held on May 9, has accorded approval to divest 4,13,44,04,897 equity shares of Yes Bank Limited (YBL), being equivalent to approximately 13.19 per cent of YBL’s shares, to Sumitomo Mitsui Banking Corporation (SMBC) at Rs 21.50 per equity share," SBI said in its stock exchange filing.