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Below the on The impact of the Israel Hamas war on market volatility By Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings

The surprise Israel-Palestine war would have wide-ranging ramifications and repercussions across geographies, economies and sectors. There will be volatility in the bond and equity market temporarily. Bond yields will harden, cost of credit may go up for companies, crude price will rise if it spills over to middle East. Gold may become a safe haven.

My sense is for a swift, bloody war and Hamas to get a debilitating blow. But this is an evolving situation and would further heighten geo-political tensions, which were already exacerbated by the Russia-Ukraine war and the posturing or worse in the Taiwan region.