The Indian stock markets gave up initial gains on Friday as cross-border tensions between India and Pakistan escalated after the Pahalgam attacks in Kashmir in which terrorists gunned down 26 people.
The Nifty 50 fell 1.22% to hit 23,950.15, while the Sensex was down 1.12% to 78,905.49. The market volatility gauge, VIX, rose nearly 6% in the early hours of trade.
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