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May 10, 2025 5:51 PM

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Markets Snap 3-Week Rally Amid Border Tensions; Sensex Falls 1,048 Points

Snapping three weeks of a rising streak, domestic markets declined more than a percent amid ongoing border tensions between India and Pakistan, ignoring other positive global cues, including US-UK trade talk, US-China trade negotiations, ECB rate cuts, FII buying and the Free Trade Agreement between the UK and India. For the week, the Sensex at the Bombay Stock Exchange declined 1,048 points, or 1.3 percent during the week, to close at 79,454, and the Nifty shed 339 points, or 1.4 percent, to close at 24,008. In the broader market, the BSE Small-cap index shed 1.3 percent and the Mid-cap index fell 1.4 percent.