India's benchmark indexes are poised to open lower on Friday, and the rupee is likely to weaken after the country's defence ministry said that military installations were targeted by drones and missiles originating from Pakistan.

Pakistan’s army spokesman, Lt. Gen. Ahmad Sharif, said an Indian drone attacked a military target near Lahore overnight, wounding four soldiers, while the country’s air defense system intercepted and shot down 12 Indian drones that entered Pakistani airspace at various locations.

It’s been an action-packed night. Following the success of India’s Operation Sindoor, Pakistan escalated tensions with India on the night of May 8. It fired multiple missiles and launched over 50 drones towards Jammu and Kashmir,