Seems like Sensex just loves Pakistan ending trade relationship with India! As per latest reports, the S&P BSE Sensex has jumped 637 points or 1.74 per cent to settle at 37,327 levels. Out of 30 constituents, 27 ended in the green and just 3 in the red. The broader Nifty50 index of the National Stock Exchange (NSE) reclaimed the crucial level of 11,000 to end at 11,032.45, up 177 points or 1.63 per cent.
In the wake of New Delhi’s move to revoke special status for Jammu and Kashmir, Pakistan’s top civil and military leadership on Wednesday had decided to expel Indian High Commissioner Ajay Bisaria and suspend bilateral trade with India. However, experts say that the suspended trade relations with India would have “very minimal” impact on India’s overall trade scenario and its businesses.
Further, India already has revoked the Most Favoured Nation tag given to Pakistan, which snatches away the trade benefits Pakistan used to get.
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