What will be the impact of Israeli-Iran war on the Indian stock market? Market expert warns about this
Israel-Iran War The Indian stock market was in a boom last week. However, there is now a fierce war between the two countries. America has also joined it. In the coming days, war is feared to be destructive. In the new week starting on Monday, its impact can be seen on the Indian stock market including the world. Market experts have expressed this opinion. According to the expert, the direction of the market will be determined by the Israeli-Iran war and the impact on its global supply. Apart from this, everyone will also keep an eye on the prices of crude oil. Experts say that Israel-Iran war and business activities of foreign investors will also affect market notion. There may be a decline in the market.
The effect of bounce in crude oil will be seen
A market expert said that the local stock market closed up last week, ignoring the struggle of West Asia and the rise in crude oil prices. Senior Vice President -od Ajit Mishra, Senior Vice President of Railwayor Broking Ltd. said that global indicators will be important for the market this week. It will keep an eye on geopolitical tension between Iran and Israel, US economic figures and the comments of Federal Reserve officials. He said that investors at the domestic level would monitor the progress of monsoon, instability related to the disposal of monthly contracts, crude oil prices and the activities of foreign institutional investors (FIIs). On Friday, the BSE Sensex rose 1,046.30 points or 1.29 percent to close at 82,408.17 points. NSE Nifty, with 50 shares, rose 319.15 points or 1.29 percent to 25,112.40 points.
Market fast fluctuations possible
Vinod Nair, head of research of Jiojit Investment Limited, said that geopolitical remains uncertainty. He said that investors will also keep a close watch on the growth rate of the upcoming GDP (GDP) of the US and PCE (personal consumption expenses). Apart from this, he will also be eyeing the data of India’s Purchase Manager Index (PMI). Motilal Oswal Financial Services, the head-grade, wealth management Siddharth Khemka said that global indicators will play an important role if we look forward. Investors will monitor further developments on the geopolitical front besides the US manufacturing and service PMI data. Vipul Bhowwar, Senior Director (Listed Investment) of Waterfield Advisors on FPI activities, said that in April, the trend of foreign portfolio investment was reversed and it strengthened a lot in May.
The investment recorded in May was the highest in the last eight months, showing the increasing interest of foreign investors in Indian markets. He said that despite this, the market is getting a wide opinional attitude in June due to other geopolitical developments including the conflict between Israel and Iran.
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