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Caution rings among investors as India-Pak tensions escalate
Mint Mumbai
|May 09, 2025
The Nifty put-call ratio hit 1.89, the highest since data has been collated, reflecting heightened caution
Markets which had so far discounted a full-fledged war between India and Pakistan seem to have raised a note of caution in the last two-and-a-half hours of trade on Thursday, when news surfaced of India thwarting Pakistan's missile attack on 15 of its military installations on the intervening night of 7-8 May.
The escalation followed multiple air strikes conducted by India on Pakistan and Pakistan-occupied Kashmir in the wee hours of Wednesday to avenge the massacre of 26 tourists in Pahalgam by Pakistan-backed terrorists on 22 April.
The aggregate Nifty put-call ratio (PCR) hit 1.89 on Thursday, the highest since the data has been collated on this variable from 1 April 2021, by analytics firm IndiaCharts. This means for every 100 calls traded on Thursday, 189 puts changed hands.
This story is from the May 09, 2025 edition of Mint Mumbai.
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