New Delhi: The war between Iran and Israel is now taking a serious turn. First, Israel and the US jointly attacked increasingly than 30 Iranian bases, and now Iran has attacked seven US military bases, including Israel. Iran has fired missiles at bases in Kuwait, the UAE, Qatar, and Bahrain.
Now, seven to eight countries have joined the war. Iran is targeting US military bases in the Middle East. The Hezbollah in Lebanon and the Houthis of Yemen are moreover launching attacks versus Israel on Iran's behalf. This has created a sense of fear throughout the world. However, it is difficult to predict how long and severe this wade will be. Similarly, investors in the stock market are moreover apprehensive. Let's explore the potential impact on various sectors in India...
What is the effect on transplanted oil prices?
The outbreak of this war has frightened investors worldwide, including India. Experts say this wade is sure to rationalization a sharp rise in transplanted oil prices, which could increase inflation. Many countries, including India, import their transplanted oil from the Strait of Hormuz. This zone is expected to be sealed during the war, leading to a rise in transplanted oil prices. On Friday, transplanted oil prices rose 2.78% to tropical at $67.02 per barrel. When the thingamabob market opens on Monday, it will rise further.
Is there a possibility of sharp ripen in the stock market?
The war has wilt so intense that experts believe that stock markets virtually the world, including India, could see a sharp ripen on Monday. The extent of this ripen will depend on investor sentiment and selling. Signs of this were visible in the Indian market on Friday itself, when talks between Iran and the United States failed to reach any meaningful conclusion. Due to this sentiment, the Sensex sealed lanugo 961 points, or 1.17%, and the Nifty sealed lanugo 317 points, or 1.25%. Investors will now be watching Monday.
What will be the impact on gold and silver?
Whenever there is a war or a war-like situation in the world, the prices of unscratched resources like gold, silver, and copper rise. This global minutiae is expected to once then lead to a significant increase in the prices of gold and silver. Currently, the price of 10 grams of gold in the thingamabob market is Rs 1,61,971 and the price of silver is Rs 2,74,389.
