Sensex slumps 500 points following surgical strikes at LoC

| Thursday, September 29, 2016 - 13:22
First Published |
Sensex, BSE, Indian equity market, NSE, Nifty, surgical strikes, Line of Control, DGMO, Jammu and Kashmir

Sensex slumps 500 points after DGMO confirmed that India had conducted surgical strikes

New Delhi: Sensitive indices on Thursday trade slumped 500 points after the director general military operations (DGMO) confirmed that India had conducted surgical strikes along the Line of Control in Jammu and Kashmir.

Nifty of the National Stock Exchange fell 120 points, below 8,700.

The Sensex has so far touched a high of 28,475.57 points and a low of 27,995.20 points during the intra-day trade.

Top gainers at Bombay Stock Exchange were M&M, GAIL, RIL, Power Grid and ONGC.

DGMO Lt General Ranbir Singh had said that Indian Army conducted surgical strikes on terror launch pads on the LoC, significant casualties have been caused. The operation has ceased, but the army is all prepared for any contingency arising out of the strike.

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