Equity benchmark indices Sensex and Nifty faced heavy volatility on Wednesday morning trade after India launched missile strikes on terrorist hideouts in Pakistan and Pakistan-Occupied Kashmir. The Sensex hit the days high of 80844.63 and an intra-day low of 79937.48. The NSE Nifty hit a high of 24449.60 and a low of 24220. Both the benchmark indices depicted range-bound trading during the morning trade. The BSE benchmark gauge traded 87.81 points lower at 80553.26 and the Nifty quoted 16.55 points down at 24365.05. Retaliating for the Pahalgam terror attack Indian armed forces on early Wednesday carried out missile strikes on nine terror targets in Pakistan and Pakistan-Occupied Kashmir including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taibas base in Muridke. The military strikes were conducted under Operation Sindoor two weeks after the Pahalgam attack that killed 26 civilians. From the Sensex firms Asian Paints IndusInd Bank Sun Pharma Nestle Tata Consultancy Services and ITC were among the laggards. Tata Motors Power Grid Titan Bajaj Finance Kotak Mahindra Bank and State Bank of India were among the gainers. Foreign Institutional Investors (FIIs) bought equities worth Rs 3794.52 crore on Tuesday according to exchange data. In the Asian market South Koreas Kospi Japans Nikkei 225 Shanghais SSE Composite index and Hong Kongs Hang Seng were quoting in the positive territory. India and the UK on Tuesday sealed a landmark free trade agreement that will lower tariffs on 99 per cent Indian exports and will make it easier for British firms to export whisky cars and other products to India besides boosting the overall trade basket. In the sectoral indices on the NSE Nifty FMCG IT Media and Pharma all declined more than at the time of filing this report while the Nifty Auto gained 0.47 per cent Nifty PSU Bank also up by 0.81 per cent. On the global front cues are positive as experts say there are reports of a US-China summit on trade negotiations in Switzerland. India announced the signing of a trade agreement with the UK. US futures are up on the US-China talks news. China has announced further policy easing; it will cut key rates by 10 points and bank reserve requirements by 50 points in a bid to boost the economy. The reaction in other Asian markets was mixed. The Hang Seng index in Hong Kong gained 0.33 per cent while Taiwans weighted index was flat but in red. South Koreas KOSPI index rose by 0.25 per cent. However Japans Nikkei 225 index was slightly down by 0.09 per cent at the time of filing this report.  (With Input From Agencies)