Shares of Bharat Dynamics and Mazagon Dock Shipbuilders closed 5% lower on Wednesday while those of Garden Reach Shipbuilders, Cochin Shipyard and HAL fell between 1 and 2%.

As tensions rise between India and Pakistan, the spotlight turns to the defence sector, with domestic companies poised to benefit from increased military spending.

The Indian armed forces launched “Operation Sindoor” on Wednesday to hit terrorist infrastructure at nine sites in Pakistan and Pakistan-occupied Kashmir, to avenge the Pahalgam terror attack.

Operation Sindoor impact on stock market: The Indian stock market traded with mild losses on Wednesday, March 7, after Indian armed forces, as part of Operation Sindoor, hit multiple sites in Pakistan.

While the cross-border strikes marked a bold response to terrorism, market strategists say India’s trade relationships remain secure.

More earnings downgrades are probable as fiscal 2024-25 (FY25) results come in, according to Anirudh Garg

The polarized earnings season reinforces the need for selective investing in structural growth areas rather than broad-based exposure, said Invasset PMS' Anirudh Garg.

small cap stocks: In 66 additional stocks, retail holdings increased by 1% to as much as 4.94%. Notable names among these include Dreamfolks Services, DAM Capital Advisors, EKI Energy Services, Jindal Drilling & Industries, Samhi Hotels, Aarti Pharmalabs, Hindustan Construction Company, Barbeque-Nation Hospitality, KRN Heat Exchanger and Refrigeration, and Computer Age Management Services (CAMS).

India’s IT sector is witnessing a sharp correction, with FIIs exiting heavyweights like TCS, Infosys, and HCL Tech. The Nifty IT index has plunged 26% from its peak. While most IT majors saw FII stake cuts in Q4 FY25, Wipro was the lone exception. The broad-based selloff raises questions on whether this is peak pessimism or a deeper correction ahead.