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Israel-Iran conflict: Aviation stocks extend fall; IndiGo, Spicejet shares plunge over 5% on surging crude oil prices
- Markets opened lower due to escalating geopolitical tensions after Israel's pre-emptive strikes on Iran, with the Sensex dropping 866.29 points and the Nifty falling 261.35 points in early trade.
- Israel launched strikes targeting nuclear-linked facilities in Iran, raising fears of a broader conflict and severe oil supply disruptions.
- Brent crude prices surged over 10% to $76 per barrel, prompting concerns over India's trade deficit and affecting the rupee exchange rate.
- Iran's Supreme Leader Ayatollah Ali Khamenei warned of 'severe punishment' against Israel, increasing the threat of further retaliation.
12 Articles
12 Articles
Black Friday in Indian stocks market, Sensex, Nifty down over 1.5%, as Israel attacks Iran
Indian stock markets witnessed a steep fall on Friday morning, marking what many are calling a Black Friday for investors. Both benchmark indices opened deep in the red, reacting sharply to rising geopolitical tensions in the Middle East. The Nifty 50 index plummeted to 24,473.00, losing 415.20 points or -1.67 per cent, while the BSE Sensex fell to 80,429.54, down by 1262.44 points or -1.55 per cent in early trade. The sharp fall came after Isra…
Israel-Iran conflict: Aviation stocks extend fall; IndiGo, Spicejet shares plunge over 5% on surging crude oil prices
Aviation stocks declined after the international crude oil prices jumped more than 13% amid escalating geopolitical tensions in the Middle East after Israel launched airstrikes on Iran and targeted its key nuclear and military sites.
Iran-Israel Tensions: Indian Oil, Asian Paints, IndiGo & More — Stocks Likely To Be Impacted
The escalating tensions between Israel and Iran could just put the Strait of Hormuz back in global spotlight and this time the biggest worry would be on the impact of supply chain issues for key crude oil producer countries.The Strait of Hormuz, a narrow waterway connecting the Persian Gulf with the Gulf of Oman and the Arabian Sea, stands as one of the world's most critical maritime chokepoints.Over the years, Iran has repeatedly targeted merch…
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