Director General Military Operations (DGMO), Ranbir Singh arrives to attend an all-party meeting in New Delhi following Indian army's surgical strikes. Market reactions to the strikes will be in evidence this week, too

We saw heavy sell-off recently, especially on Thursday, on the day of F&O expiry because investors are afraid to roll out their net long positions. This is especially true from the current period and is due to tension between India and Pakistan. Investors lost nearly Rs. 2.45 lakh core on Thursday. Investors experienced the same situation during the Kargil war; faint-hearted investors booked losses and many others reduced commitments because of fear. The market had tanked.