In response to the recent terror attack in Pahalgam, India’s government announced a series of retaliatory measures, including the shutdown of the Attari land-transit post. This decision, coupled with the expulsion of Pakistani military attaches and the suspension of the Indus Water Treaty, has received strong backing from Amritsar’s business and trade community. Local traders, including those in the dry fruit sector, have voiced unwavering support for the government’s actions, emphasizing national security over cross-border trade.

The recent closure of Pakistan’s airspace for Indian airlines has led to significant disruptions in international flight operations, particularly affecting airlines based in northern India such as Air India, IndiGo, and SpiceJet. With extended flight durations and rerouted pathways over the Arabian Sea, airlines are bracing for increased fuel consumption and operational costs. The closure, prompted by rising tensions between India and Pakistan, is expected to push airfare prices higher as airlines are likely to pass on the additional costs to passengers.

The Pakistan Stock Exchange witnessed a significant selloff on Thursday, as geopolitical tensions between India and Pakistan escalated in the aftermath of the Pahalgam terror attack. The benchmark KSE-100 index plunged 2,206 points, closing at 115,019.81—down 1.92% from the previous session. The decline follows India's diplomatic and trade measures in response to the attack, and Pakistan's retaliatory suspension of bilateral accords. The market, which had recently reached record highs, now faces heightened uncertainty.

On April 22, 2025, a tragic terrorist attack in Pahalgam, Kashmir, claimed the lives of 26 individuals and left at least 20 others injured. In response, Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd (RIL), announced that all injured victims would receive free treatment at the Reliance Foundation Sir HN Hospital in Mumbai. Ambani condemned the act as "an enemy of humanity" and expressed solidarity with the Indian government in combating terrorism.​

Sundararaman Ramamurthy, Managing Director and CEO of the Bombay Stock Exchange (BSE), emphasized the critical importance of investor awareness and responsibility. Speaking at the Calcutta Chamber of Commerce, he cautioned against relying on hearsay when making investment decisions, stressing that even the best regulations cannot protect investors who fail to conduct due diligence. Ramamurthy also urged small investors to consider mutual funds for safer investments and highlighted the untapped potential of India’s SME sector, calling for more listings to unlock growth opportunities.

The Indian rupee gained 16 paise to reach Rs 85.29 against the US dollar on Thursday, bolstered by a weaker greenback and a decline in crude oil prices. Forex traders noted that the rupee's recovery was also fueled by slowing US business activity and reduced US Treasury yields. Despite geopolitical tensions affecting market sentiment, the rupee remains supported by positive market conditions, including Foreign Institutional Investors (FII) inflows.

Indian stock markets experienced a decline on Thursday following a seven-day rally, driven by profit-taking activities and disappointing earnings reports from major companies like Hindustan Unilever. The Sensex and Nifty indices ended lower, with key stocks such as ICICI Bank and Bharti Airtel contributing to the downturn. Although global markets showed mixed signals, the FMCG sector in particular faced challenges due to weaker-than-expected financial results.

Gold prices saw a significant rise on Thursday, climbing by Rs 888 to reach Rs 95,610 per 10 grams in futures trade. This increase was driven by fresh positions taken by speculators amid firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery experienced a boost of 0.94%. The uptick was also mirrored in global markets, with gold futures increasing by 0.92% to USD 3,318.47 per ounce in New York. Analysts attribute the rise to both local demand and global market trends, pointing to a growing interest in the precious metal.

The Haryana government has announced a rise in the dearness allowance (DA) for its employees and dearness relief (DR) for pensioners, increasing it from 53% to 55% of their basic pay. This revision, set to take effect from January 1, 2025, will be reflected in the salaries and pensions issued in April 2025. Additionally, the arrears for the period between January and March 2025 will be paid out in May 2025. The move comes as part of the state's ongoing efforts to adjust employee compensation in line with inflation and the cost of living.

Prime Minister Narendra Modi, addressing the India Steel 2025 conclave, called on the steel industry to revitalize its approach to production by accelerating domestic mining of iron ore and embracing modern technological practices. Highlighting the sector’s strategic importance to India’s growth, the Prime Minister urged players to reduce dependency on imports, foster global collaborations, and pursue innovative solutions such as coal gasification.