Quote on Iran - Israel War- Update Market impact by Suman Bannerjee, CIO, Hedonova
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Below the Quote on Iran - Israel War- Update Market impact by Suman Bannerjee, CIO, Hedonova
The escalating geopolitical tensions in West Asia prompted a decline in the 30-share BSE Sensex and the NSE Nifty. While both benchmark indices experienced a notable decline of approximately 1%, they regained some lost ground amid the nervousness in the equity markets. Concurrently, the Indian Rupee faced further depreciation against the US Dollar in the interbank forex market. Market indices traded lower, influenced by the heightened tensions between Iran and Israel, leading to losses across all 13 major sectors. Notably, the broader small- and mid-cap segments saw declines of about 3% and 2%, respectively. Given these developments, it is advisable for investors to closely monitor geopolitical events and their potential impact on global markets as trading resumes.
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