Markets tumble after Army action

MUMBAI: India’s benchmark stock indices tumbled more than 1.5% on Thursday after the government’s announcement of the strikes rattled investor sentiments. The Bombay Stock Exchange’s Sensex ended down 465.28 points or 1.6% at 27,827.53. The wider NSE Nifty50 index closed down 153.90 points or 1.8% to close at 8,591.25.