Israel Has started military attacks on Iran. Israel has attacked Iran’s atomic bases. Many big military officers and scientists of Iran are reported to have been killed in this Israeli action. On Friday, defense shares like IdeaForge and Hindustan Aeronautics Limited (HAL) witnessed a rise of up to 8% in the midst of increasing tension between the two countries. The possibility of widespread conflict between the deteriorating situation between Israel and Iran is once again increasing rapidly. As a result, investors’ interest in defense companies is also increasing.
Which defense stock made the longest jump
On Friday, IdeaForge Technology shares rose at Rs 599.60 with a stormy up 8.1% on BSE, which was the highest growth in Indian defense stocks. Estra microwave products rose 4% to Rs 1175, India dynamics rose 2.9% to Rs 1925 and Hindustan Aeronautics Limited rose 1.9% to Rs 5049.50.
Emergency announcement in Israel and Iran
This boom in defense shares has come after Israeli attacks by Iran’s nuclear facility, ballistic missile production site and military commanders. The Iranian government media has confirmed that the commander of Revolutionary Guards Hosain Salute has died in the Israeli attack and the explosion has been reported near Natanj, the country’s main uranium enrichment place Natanj. Iran has also retaliated after the Israeli attack. Both countries have announced emergency.
Indian market declines
Due to increasing tension in Middle-East, the Indian stock market is witnessing a big decline today. On Friday, the BSE Sensex opened at 80,427.81 points with a terrible decline of 1264.18 points. Similarly, the Nifty 50 index also opened at 24,473.00 points with a loss of 415.20 points.
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