Morning market quote : The Israel-Hamas conflict has introduced a huge uncertainty for the markets Says Dr. V K Vijayakumar, Geojit Financial Services

09-10-2023 09:20 AM | Source: Geojit Financial Services

Morning market quote : The Israel-Hamas conflict has introduced a huge uncertainty for the markets Says Dr. V K Vijayakumar, Geojit Financial Services

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Below Quote On Morning Market 09 October 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The Israel-Hamas conflict has introduced a huge uncertainty for the markets. Nobody knows how this war is going to evolve. From the market perspective it is important to understand that even though the death and destruction are tragic, presently it is unlikely to cause major disruption in oil supplies thereby impacting major oil importers like India. But the situation will change if Iran, a major Hamas supporter, is drawn into the war. That can disrupt oil supplies causing a spike in crude, which can trigger a risk-off in the market.

This is a time to be cautious. Investors may refrain from taking big risks. Wait for the developments to unfold. Long-term investors can slowly accumulate high quality stocks on declines."

Above views are of the author and not of the website kindly read disclaimer

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Morning market quote : The Israel-Hamas conflict has introduced a huge uncertainty for the markets Says Dr. V K Vijayakumar, Geojit Financial Services

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