Amid continued conflict between India and Pakistan, Indian stocks and bonds are both falling.

As hostilities escalate between India and Pakistan, the Indian stock market and bonds continued their downward trend on Friday. The NSE Nifty 50 index fell by 1.4% at one point, marking the biggest drop in two weeks before recovering slightly. The 10-year government bond yield rose by 4 basis points to 6.44%, following a 6 basis points increase in the previous trading day. The Indian Rupee initially fell in early trading, but later recovered some of its losses.