On May 9, Indian equity markets opened sharply lower, primarily due to heightened investor concerns following a series of recent drone and missile attacks from Pakistan. This surge in military action raised alarms among investors, contributing to a significant sell-off. The benchmark BSE Sensex saw a notable decline, falling 765.80 points or 0.95%, bringing its total to 79,569.01. Meanwhile, the NSE Nifty50 Index also experienced a drop, sliding 245.20 points or 1.01% to settle at 24,028. Analysts have described the market reaction as relatively mild given the severity of the incidents. Despite the overall market downturn, defense stocks showed resilience, with notable gains as investors anticipated increased military expenditures. This clash of sentiments in the market highlights the delicate balance between political tensions and economic strategies.