Sensex, Nifty, Share Prices Live: India’s equity and bullion markets are on edge due to escalating tensions between Israel and Iran, which could lead to a full-scale war. The conflict’s impact is already being felt, with fears of a spike in crude oil prices, potentially impacting the economy and leading to inflationary pressures. Kranthi Bathini of WealthMills Securities emphasized the need for diplomatic solutions to avoid market volatility. With India’s equity markets already under pressure from reduced expectations of significant Federal Reserve interest rate cuts, the conflict adds further uncertainty. Analysts predict a possible correction in equity markets this week, especially if oil prices react strongly. Gold prices are expected to rise as investors seek safe-haven assets amidst geopolitical tensions. However, caution is advised, as gold prices could be volatile, swinging by $100-200 an ounce, similar to past conflicts. Meanwhile, Stocks in Asia declined on Monday, following a drop in US equities, amid escalating tensions following Iran’s unprecedented attack on Israel over the weekend. Equity indices in Japan, South Korea, and Australia all fell.
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