Rising tension between India and Pakistan finally had a rub off on India’s financial markets with the equity benchmark Sensex tanking some 250 points in a kneejerk reaction to Indian Army’s claim that they conducted some surgical strike on Pakistani terror bases in an overnight operation on Wednesday.
The Director General of Military Operation told a press conference that the army conducted the anti-terror operations on September 28 night to prevent infiltration. There were casulaties, he claimed but did not elaborate. He said the army stood prepared for any escalation of tension on the border. The DGMO said the surgical strikes were based on specific intelligence input of terror groups ready to infiltrate into India and carry out terror attacks.
“Significant casualties have been caused in these strikes,” DGMO Lt General Ranbir Singh said adding, “the operation has now ended.” The strikes targeted the terrorists and those backing them, the DGMO said.
Earlier, Prime Minister Narendra Modi chaired a meeting of the Cabinet Committee on Security (CCS) to review the situation along the LoC.