Tensions rise between India and Pakistan following attacks. Swaminathan Aiyar reports escalating engagements, including strikes near Lahore, Rawalpindi, and Karachi. The Indian Navy is reportedly involved. Despite international calls for de-escalation, both sides ramp up actions. Washington anticipates restraint from these mature nuclear powers. A military solution is unlikely, with a political resolution expected. China’s support mitigates Pakistan’s financial concerns.
Can equities sustain their rebound amidst ongoing Middle East conflict?
Indian equities rebounded on Monday, mirroring gains in Asian markets, as concerns over the Iran-Israel conflict eased. The Nifty rose 0.9% and the Sensex climbed