The S&P BSE Sensex tumbled as much as 1.4 percent and the rupee lost 0.5 percent in reaction to Indian jets inside Pakistan.
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00:00Hello and welcome to Galknews daily business wrap-up.
00:05Indian and Pakistani stocks tumbled in early session today as investors assessed the impact
00:09of rising tensions between both these countries amid improving outlook on emerging markets
00:15and falling oil prices.
00:17Indian Sensex index fell 1.4% early but recovered to end 0.7% higher.
00:26Pakistani stocks tumbled 1.78% and were trading at the lows of the day.
00:32The Indian rupee weakened 0.1% in trade today.
00:36The SEC has asked a New York judge to hold Tesla's boss Elon Musk in contempt over a
00:42tweet he made over company's car production.
00:45Last year Elon Musk had agreed not to make any comments on social networking sites without
00:50previous agreements with the company.
00:53In August last year, Musk announced on Twitter that he would make his company private.