Friday, October 4, 2024
Home News How US air strike in Syria may impact Indian stock market next...

How US air strike in Syria may impact Indian stock market next week?

On Friday, Indian stock markets opened lower, but major benchmark indices made spectacular gains, reversing morning losses and turning green. However, Indian stocks fell and ended in the red zone for the second session in a row as news of US airstrikes in Syria heightened tensions in the Middle East. The BSE Sensex closed at 57,525 points lower than the Nifty 50 index, which dropped 398 points to 16,945. The Nifty Bank index ended Friday’s session at 39,395, down 221 points.

Experts on the stock market say that global markets, including Dalal Street, are already reeling from the US bank crisis, growing worries about an economic slowdown, and new geopolitical tensions in the Middle East, which could lead to a pullback rally at market opening. can hurt. The next Monday. He stated that any global market, including the Indian stock market, cannot afford any additional tension given the numerous challenges they will face in the upcoming sessions. If tensions in the Middle East continue to rise, he advised short-term investors to look at high-quality stocks in fertilizer and agriculture. However, IT remained the preferred investment sector for long-term positional investors.

“The news of the US airstrikes in Syria came at a very bad time as Indian stocks opened higher in the morning after Thursday’s losses,” said Avinash Gorakshkar, Head of Research, Profitmart Securities, regarding how the US airstrikes will affect the Indian stock market. The sessions were making up for their losses. The greater part of the significant benchmark records became green with respectable increases, however only hours before the business sectors were to close, new international strains set off an auction on Dalal Road.

Avinash Gorakhkar added that the banking crisis and US economic slowdown have already put pressure on global markets, including Dalal Street. Therefore, Nifty may not be able to maintain its October 2022 low of around 16,800 if the Middle East tensions continue to rise. Gorakskar advised investors to keep an eye on crude oil prices after Monday’s market opening because any further movement would indicate fresh market selling.

“If crude oil prices bounce on Monday, then oil producing companies, carbon black and lubricants manufacturing companies will directly come under stress and their shares are expected to trade weak on Monday,” Avinash Gorakhkar stated when advising investors to buy stocks on Monday to protect themselves from the potential impact of US airstrikes in Syria. However, inflation will also rise if crude oil prices rise. As a result, it will also have an indirect effect on other segments. However, the IT and fertilizer industries are anticipated to remain unaffected by geopolitical tensions.

Ravi Singhal, CEO of GCL Broking, stated, “In the IT segment, TCS is expected to outperform leading mid-cap IT stocks in India” regarding which stock to purchase during the current geopolitical crisis. If it ever becomes available, roughly Is. Since each level is between 2850 and 2900, this will be a great time for long-term investors to purchase Tata stock. In a similar vein, in the fertilizer sector, GNFC and Chambal Fertilizers ought to be purchased for one to one and a half months in order to increase by 8% to 10% from their current levels.

In response to the fatal UAV attack, the US conducted airstrikes in Syria, according to a release from the US Department of Defense.

“I have directed US Central Command forces tonight to conduct precision airstrikes against facilities used by groups affiliated with Iran’s Islamic Revolutionary Guards Corps (IRGC) in eastern Syria,” stated Defense Secretary Lloyd J. Austin III. authorized to carry out,” The attack of today and a series of recent attacks on coalition forces in Syria by groups affiliated with the IRGC prompted the airstrikes.”

Disclaimer: The opinions and suggestions presented above are those of individual analysts or brokerage firms. Before making any investment decisions, we recommend that investors conduct due diligence with licensed professionals.

RELATED ARTICLES

Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SIGNUP & GET $10000 BONUS

Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments