Stock Market Today: Benchmark stock indices Sensex and Nifty closed higher in a volatile session on Wednesday as India launched missile strikes on terrorist hideouts in Pakistan and Pakistan-Occupied Kashmir. The 30-share BSE Sensex ended the day 105.71 points, or 0.13 percent, higher at 80,746.78 after fluctuating between gains and losses throughout the day. The Sensex reached a high of 80,844.63 and a low of 79,937.48

The NSE's Nifty50 rose 34.80 points, or 0.14 percent, to close at 24,414.40. Throughout the session, the Nifty fluctuated between a high of 24,449.60 and a low of 24,220.

The Indian military launched missile strikes on nine terror targets in Pakistan and Pakistan-Occupied Kashmir early on Wednesday in retaliation for the Pahalgam terror attack. These targets included the base of Lashkar-e-Taiba in Muridke and the Jaish-e-Mohammad stronghold of Bahawalpur.

Two weeks following the massacre of 26 civilians in Pahalgam, Jammu and Kashmir, the military strikes were conducted under the guise of "Operation Sindoor."

Among the 30-share Sensex companies that saw gains were Tata Motors, Bajaj Finance, Eternal, Adani Ports, Tata Steel, Titan, Mahindra & Mahindra, and Power Grid. Among the laggards were Asian Paints, Sun Pharma, ITC, Nestle, Reliance Industries, and HCL Tech.

Also read: Operation Sindoor Impact: Pakistan Stock Market Crashes After Indian Army Strikes Terror Bases; KSE-100 Falls Over 5%

Exchange data shows that on Tuesday, foreign institutional investors (FIIs) purchased stocks valued at Rs 3,794.52 crore.

While Japan's Nikkei 225 ended lower, Hong Kong's Hang Seng, Shanghai's SSE Composite index, and South Korea's Kospi all settled in the positive zone in Asian markets.

European markets were quoting in the negative. Tuesday saw a decline in US markets.

On Tuesday, India and the UK signed a historic free trade agreement that will increase the overall trade basket, reduce tariffs on 99 percent Indian exports, and facilitate the export of cars, whisky, and other goods to India by British companies.

Brent crude, a global oil benchmark, increased 0.64 percent to USD 62.55 per barrel. The BSE benchmark ended Tuesday's trading session at 80,641.07, down 155.77 points, or 0.19 percent, after two days of gains. At 24,379.60, the Nifty fell 81.55 points, or 0.33 percent.

Rupee Depriciates 45 Paisa

Due to increased cross-border tensions after India's military strikes against terrorist camps in Pakistan and Pakistan-Occupied Kashmir, the rupee lost 45 paise to close at 84.80 (provisional) against the US dollar on Wednesday.

The domestic currency started the day at 84.65 and fluctuated between an intra-day high of 84.47 and a low of 84.93 versus the US dollar at the interbank foreign exchange. The unit recorded a 45 paise decline from its previous closing level as it concluded the session at 84.80 (provisional).

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(With Inputs From Agencies)