Indian shares dip on risk aversion amid geopolitical concerns

Sbi Life Insurance

25/04/2025 07:34

** NSE Nifty 50 .NSEI and BSE Sensex .BSESN drop ~1.5% each on caution fuelled by geopolitical concerns after a deadly militant attack in Kashmir earlier this week

** Twelve of the 13 major sectors decline

** Broader, more domestically focussed small- .NIFSMCP100 and mid-caps .NIFMDCP100 shed 3.7% and 3.2%, respectively

** Potential headwind for markets is the uncertainty around India's response to the terror attack and its consequences, VK Vijayakumar, chief investment strategist at Geojit Investments, says

** Axis Bank AXBK.NS dips 5% after multiple brokerages flag soft loan growth, likelihood of stress in unsecured loans

** L&T Technology Services LTEH.NS drops 6.2% after reporting a fall in net profit

** However, SBI Life SBIL.NS gains 4% to a six-month high after 10% y/y growth in value of new business in March-quarter

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))