PALL OF GLOOM
Business Today India|May 12, 2024
The intensifying crisis in the Middle East could hurt market sentiment. All eyes are on a favourable monsoon and postelection policies
RAHUL OBEROI
PALL OF GLOOM

WITH THE GENERAL elections well and truly underway, domestic equity markets have found themselves unexpectedly enveloped in a cloud of uncertainties originating from across the seas. The escalations of tensions in the Middle East, coupled with the rise in global crude oil prices, have heightened their anxieties, casting a pall over market sentiment.

Iran’s aerial attack on Israel dragged the benchmark equity index BSE Sensex down nearly 4% in just five trading sessions to 72,489 on April 18 from its all-time intraday high of 75,124 scaled on April 9. The 30-share index rallied nearly 25% in 2023-24.

Going ahead, analysts think that volatility will rule the roost and investors should be ready to lap up any opportunities that come their way. But, a majority of market participants believe that the expected reduction of interest rates will be delayed.

هذه القصة مأخوذة من طبعة May 12, 2024 من Business Today India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 12, 2024 من Business Today India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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