• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Pahalgam terror attack: J&K Bank shares fall; analysts warn of short-term volatility if India retaliates

by April 23, 2025
by April 23, 2025

Jammu and Kashmir Bank shares declined sharply on Wednesday, falling nearly 9% in early trade after a terror attack in the popular tourist destination of Pahalgam in the north Indian region of Jammu & Kashmir left at least 26 civilians dead.

The incident, which occurred on Tuesday afternoon at Baisaran, a scenic meadow often called “mini Switzerland,” has raised fears of heightened instability in the region and triggered a negative reaction from investors.

The stock dropped as much as 8.6% on the BSE, hitting an intraday low of ₹103.41 per share.

On the National Stock Exchange (NSE) and BSE combined, nearly 16.1 million shares were traded by 10:30 AM, significantly above the two-week average volume.

On the BSE alone, around 0.70 million shares changed hands, well above the recent average of 0.52 million shares.

At 1:10 pm IST, the stock was down by 8.05%.

According to Deepak Jasani, a stock market veteran quoted in Business Standard, the stock experienced a knee-jerk reaction on the downside.

“The evolving situation in the region will drive sentiment in the stock over the coming days. The stock may recover with some gap if the situation does not deteriorate further,” he said.

One of the deadliest attacks on civilians; TRF takes responsibility

The attack occurred around 3 PM on Tuesday in Baisaran, located about six kilometres from Pahalgam in Jammu and Kashmir.

The meadow is a well-known tourist attraction, drawing visitors from across India and abroad during spring and summer months.

The Resistance Front (TRF), a proxy of the banned Pakistan-based Lashkar-e-Taiba group, claimed responsibility for the attack.

In a public statement, Jammu and Kashmir Chief Minister Omar Abdullah said the assault was “much larger than anything we’ve seen directed at civilians in recent years,” hinting at the potential implications for both local security and regional geopolitics.

The incident has drawn international condemnation. US President Donald Trump, Russian President Vladimir Putin, and British Prime Minister Keir Starmer all issued statements denouncing the attack and expressing solidarity with India.

Retaliation by India could lead to short-term market volatility: analysts

Despite the tragic incident, broader Indian markets continued their upward momentum, with benchmark indices extending their rally for a seventh consecutive session on Wednesday.

Analysts believe this reflects investor confidence in the resilience of the Indian economy, although geopolitical concerns remain in focus.

Vinit Bolinjkar, Head of Research at Ventura Securities, said any retaliation by India could lead to short-term market volatility.

“Unless India undertakes strong military action against Pakistan, any market reaction may be limited. We’ve already seen the markets absorb extreme events like the Russia-Ukraine war and the US-China tariff standoff under President Trump,” he said.

Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, echoed this view.

He stated that investors would be closely watching the government’s next steps, whether through diplomatic measures, targeted operations, or a wider military response.

“Today’s macroeconomic backdrop is very different from what it was during the 1999 Kargil War. India’s GDP has grown more than tenfold in just over two decades,” Bathini added, suggesting that the country is now better positioned to absorb such geopolitical shocks.

Veteran analyst Ajay Bagga noted on X (formerly Twitter) that while markets may stay cautious in the near term, any declines in the wake of potential Indian retaliation would likely be short-lived, as seen in past instances.

The post Pahalgam terror attack: J&K Bank shares fall; analysts warn of short-term volatility if India retaliates appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Vanguard’s VIG ETF forms a rare death cross: is a deeper crash coming?
next post
Europe markets open: Gains expected after Trump walks back Powell dismissal, trade hopes rise

Related Posts

Banijay to acquire majority stake in Tipico creating...

October 28, 2025

Cathie Wood warns investors to brace for correction,...

October 28, 2025

European markets open mixed on Tuesday: FTSE opens...

October 28, 2025

Entry and Midnight Foundation launch integration to unite...

October 28, 2025

Elon Musk challenges Wikipedia with Grokipedia, his AI-driven...

October 28, 2025

Novartis shares fall as profit lags estimates; downside...

October 28, 2025

Nio stock price forecast: is it safe to...

October 28, 2025

IBEX 35 Index has soared: top Spanish stocks...

October 27, 2025

Australia commits A$83.5 million to boost cyber resilience...

October 27, 2025

Honda joins India’s clean energy drive with OMC...

October 27, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Understanding Medicaid

    October 28, 2025
  • Colonel Harwood’s Legacy: The Engineer Who Built an Economic Institution

    October 28, 2025
  • Digi International Announces Digi XBee 3 Global LTE Cat 4 Cellular Modem for IoT Applications

    October 28, 2025
  • Trumponomics Is Pushing Young Voters Into Socialism

    October 28, 2025
  • Banijay to acquire majority stake in Tipico creating a European gaming powerhouse

    October 28, 2025
  • Cathie Wood warns investors to brace for correction, backs this unlikely winner

    October 28, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 5

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 6

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,033)
  • Editor's Pick (297)
  • Investing (185)
  • Stock (2,064)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Apple sales in India climb to $9...

September 5, 2025

Charter, Cox to merge in mega deal...

May 17, 2025

BP surpasses Q2 expectations with $2.35 billion...

August 5, 2025