Iran Financial News

Baba Vanga, known for her eerily accurate predictions, has foretold a series of unsettling events for the coming years. Among these predictions is a dire warning about the potential outbreak of World War 3 following escalating tensions in the Middle East. According to Baba Vanga, there will be increased terrorist activities in Europe and hinted at the possibility of a «major country» engaging in biological weapons testing or launching attacks. Currently, the conflict could stem from the Israel-Hamas confrontation, leading to devastating nuclear attacks and widespread destruction.

American aircraft and planes downed dozens of drones and missiles when Iran launched the attack on Saturday, after Tehran repeatedly threatened to hit back in response to an Israeli strike on its consulate in Damascus that killed two top officers at the beginning of the month. Senior US officials detailed the role Washington played — both militarily and diplomatically — in countering the attack:

Day trading guide for stock market today: Amid the Iran-Israel war and FII's selling, the Indian stock market witnessed sharp selling on Friday last week. The Nifty 50 index corrected 234 points and ended at the 22,519 level, the BSE Sensex nosedived 793 points and closed at the 74,244 mark, and the Bank Nifty index shed 422 points and finished at the 8,564 level.

In a dreadful moment for the world, Iran fired hundreds of drones and missiles at Israel on Saturday, although about 99% were claimed to have been intercepted by Israeli and allied forces, with losses kept down by an iron dome to damage of an army base and a child’s injury. Tehran had retaliated against Israel’s strike on its consulate in Syria and its United Nations message was that the “matter can be deemed concluded".

missiles attack before 72 hours of its launch, said Turkish, Jordanian and Iraqi officials said on Sunday. “Iran gave neighboring countries and Israel's ally the United States 72 hours' notice it would launch the strikes," said Iranian foreign minister Hossein Amirabdollahian as quoted by Reuters. However, a senior official in the Biden administration stated that Tehran did not warn about the attack and that it was aiming to cause a significant damage.

TCS, Vedanta, Ambuja Cements, ACC, Yes Bank, DLF, are a few stocks likely to be in focus on Monday, April 15.Sensex Today Live : The Indian stock market indices, Sensex and Nifty 50, are projected to commence on a lower note on Monday, mirroring the losses in global markets due to the ongoing Iran-Israel conflict.The Gift Nifty trends also suggest a gap-down opening for the Indian benchmark index. The Gift Nifty was observed trading around the 22,460 level, marking a discount of nearly 140 points from the previous close of Nifty futures.On the previous Friday, the Indian stock market indices each closed a percent lower, pulled down by widespread selling amid unfavorable global cues.

Shares in Japanese banks and brokerages slid following lacklustre earnings reports from the likes of JPMorgan Chase and Wells Fargo, while local chip-sector stocks also tracked their U.S. peers lower.

Middle East lifted bullion's safe-haven appeal. FUNDAMENTALS

The dollar scaled a fresh 34-year high against the yen on growing expectations that sticky inflationary pressures in the United States will keep rates there higher for longer.

Sensex plunged 793.25 points to close at 74,244.90, while the Nifty 50 settled 234.40 points, or 1.03%, lower at 22,519.40. Nifty 50 formed a long negative candle on the daily chart that has broken below the immediate support of the ascending trend line at 22,650 levels. Also Read: Indian stock market: 10 key things that changed for market over weekend - Gift Nifty, Iran-Israel tensions to inflation “Technically, this pattern indicates a formation of a crucial top reversal pattern and one may expect more weakness in the coming sessions.

Iranian drone and missile attack. In an official statement, Gantz said, “We will build a regional coalition and exact the price from Iran in the fashion and timing that is right for us." Iran on Saturday launched over 300 missiles at Israel in revenge on its embassy in Syria which claimed the lives of its officials including a senior commander of the Iranian Revolutionary Guard Corps' overseas Quds Force. However, Israel claimed that it intercepted ‘nearly all’ missiles launched by Iran.

Read here: Week Ahead: Q4 Results, macro data, Israel-Iran conflict, global cues among key market triggers this week On Friday, the Indian stock market indices ended a percent lower each dragged by selling across the board amid weak global cues. The Sensex plunged 793.25 points, or 1.06%, to close at 74,244.90, while the Nifty 50 settled 234.40 points, or 1.03%, lower at 22,519.40. “Indian equities could see temporary short-term headwinds from the US Fed easing being pushed into CY25 and hardening commodity prices due to adverse geopolitics.

United States on Sunday highlighted its role in helping Israel thwart Iran's aerial attack as President Joe Biden convened leaders of the Group of Seven countries in an effort to prevent a wider regional escalation and coordinate a global rebuke of Tehran. The U.S. assisted Israel in shooting down dozens of drones and missiles fired by Iran on Saturday in what was the first time it had launched a direct military assault on Israel. Israeli authorities said 99% of the inbound weapons were shot down without causing any significant damage.

Israel Defense Forces' Home Front Command in providing a response to environmental incidents in regards to the protection of factories during the ongoing emergency. The ministry conducted a situational assessments as part of the country's preparations for another Iranian attack and the fear of damage to plants containing dangerous substances and to plants that have been declared essential by the ministry. The professionals of the Ministry of Environmental Protection assist in examining the compliance of plants containing hazardous substances with the instructions of the Home Front Command for safety protection. During a security emergency, the Home Front Command is the body responsible for the operation of security events, and under its responsibility is the protection of sites and factories that contain dangerous substances, damage to which could be a danger to the public and the environment.

Israel-Iran Conflict: The United States' Pentagon in a statement on April 14 said that it destroyed over 80 one-way attack uncrewed aerial vehicles (OWA UAV) and at least six ballistic missiles fired at Israel by Iran, PTI reported. Almost all Iranian launches were shot down by Israeli, US and allied forces before reaching their targets.

Buy or sell stocks for today: Amid rising Iran-Israle tension, the Indian stock market ended lower on Friday last week. The Nifty 50 index corrected 234 points and ended at the 22,519 level, the BSE Sensex nosedived 793 points and closed at the 74,244 mark, and the Bank Nifty index shed 422 points and finished at the 8,564 level.

Europe to rise 10-15%, logistics and insurance costs to rise and engineering exports demand to Europe to get impacted following Iran's attack on Israel. Already, the unfolding crisis in the Red Sea region is leading to shifting of large amount of cargo traffic to air mode such as leather goods, which were traditionally sent by ships, pushing up air freight volume.

Iran's attack on Israel is expected to send global crude oil prices higher as war premium gets built in but retail fuel prices in India will likely stay unchanged due to general elections starting later this week, industry executives said. Brent, the international crude benchmark, has sprinted to $90 per barrel from $80 in just about a month on escalating tensions between Iran and Israel. «A war premium may quickly show up in oil prices in the paper market. Heightened tension in oil supply zone or main oil transit zones may also cause increases in crude oil transport and insurance costs,» said Mukesh Surana, CEO of Ratnagiri Refinery & Petrochemicals Ltd. In oil industry parlance, paper market refers to a financial marketplace where future oil delivery contracts are traded. «If the situation escalates further to the extent that it starts impacting physical supplies through the Strait of Hormuz, it will impact the global supply situation and can have a sharper impact on prices in the short term,» said Surana, formerly chairman of HPCL.

India faced a tightrope walk as Iran launched a direct attack on Israel for the first time, responding to an Israeli strike on the Iranian consulate in Damascus earlier this month. If the war escalates and spreads across West Asia, it might impact India's critical interests in the energy sector as well as its diaspora numbering about 10 million in the Gulf region, said people with knowledge of the matter. Any possible evacuation of diaspora in case of a wider conflict would also be a mammoth task, they said.

Joe Biden a familiar dilemma, but on steroids — how to balance support for a difficult ally while preventing the nightmare scenario of a wider war? Tensions with Benjamin Netanyahu over Israel's war on Gaza were papered over as the US president offered «ironclad» support, including shooting down Iranian drones. But the White House has made it clear it does not want further escalation following Iran's unprecedented assault and will not support an Israeli counterattack that could trigger a full-blown regional conflict.

Mint looks at the implications for the rest of the world, including India. In a departure from its long-term policy, Iran attacked Israel directly late on Saturday taking tensions in the region to a new high. The attack was in response to the bombing of Iran’s Consulate in Damascus on 1 April, ostensibly by Israel, that killed senior Iranian military commanders.