Israel Financial News

BSE Sensex today opened lower at 63,774 levels and went on to hit intraday low of 63,403 within few minutes of stock market's opening bell today. The 30-stock index has been under sell of heat for the last six days and it has fallen from 66,428 levels to 63,403 levels, losing over 3,000 points in this time. Nifty 50 today opened lower for sixth day in a row and hit intraday low of 18,920 levels, losing around 890 points in this time.

Gold rate today: On account of Israel-Hamas war entering 20th day and rising tension in the Middle East fueling geopolitical uncertaities, gold price today extended its rally during morning deals. Gold future contract on Multi Commodity Exchange (MCX) for December expiry opened at ₹60,824 per 10 gm levels and went on to hit intraday high of ₹60,968 per 10 gm levels within few minutes of commodity market's opening bell today. In international market, spot gold price is oscillating around $1,988 per ounce levels.

China's Belt and Road Initiative through a network of infrastructure projects, including a railroad connecting Saudi Arabia with Europe, President Joe Biden said. On the sidelines of the G20 Summit in September, key leaders of the world led by Prime Minister Narendra Modi and Biden had announced the launch of the ambitious India-Middle East-Europe Economic Corridor. «We are going to compete on that (Belt and Road Initiative) and we're doing it in a different way.

Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury bonds, a person familiar with the trade said on Wednesday. Ackman said on Monday on X, «we covered our bond short» some 12 weeks after he announced the bet on the messaging platform formerly known as Twitter. «The economy is slowing faster than recent data suggests,» Ackman said in the post, adding «There is too much risk in the world to remain short bonds at current long-term rates.» The Financial Times first reported news of the gain. Stocks including Chipotle Mexican Grill, Alphabet Inc, Restaurant Brands International, and Canadian Pacific Kansas City Limited make up the bulk of the Pershing Square portfolio, which is mainly set up to benefit from equities moving higher.

Day trading guide for today: Amid uncertainties associated with the Israel-Hamas war, global market sentiments continue to remain under sell off heat and Indian stock market ended lower on fifth day in a row on Wednesday. Nifty 50 index lost 159 points and closed at 19,122 levels, BSE Sensex corrected 522 points and ended at 64,049 mark whereas Bank Nifty index nosedived 319 points and closed at 42,832 levels.

Blockchain forensic firm Elliptic says there’s “no evidence” that Hamas is receiving a significant volume of cryptocurrency donations to fund its attacks against Israel.

Buy or sell stocks for today: On account of uncertainties associated with the Israel-Hamas, strong US dollar and rising US Treasury yields, Indian stock market continue to remain under the grip of bears for fifth straight session on Wednesday. Nifty 50 index lost 159 points and closed at 19,122 levels, BSE Sensex corrected 522 points and ended at 64,049 mark whereas Bank Nifty index nosedived 319 points and closed at 42,832 levels.

Sensex closed 522.82 points, or 0.81%, lower at 64,049.06, while the Nifty 50 ended at 19,122.15, down 159.60 points, or 0.83%. “We expect Indian markets to remain volatile on the back of concerns over higher interest rates, ongoing Israel-Hamas war and mixed Q2 results. On the global front, investors will take cues from ECB interest rate decision on Thursday," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Israel-Hamas War LIVE: President Joe Biden expressed his opposition on Wednesday to retaliatory attacks by Israeli settlers against Palestinians in the West Bank following the October 7 Hamas attacks on Israel.“It has to stop. They have to be held accountable.

₹4,236.60 crore, according to NSE data. DIIs bought equities resulting in an inflow of ₹3,569.36 crore, the exchange data showed.Oil steadied after jumping Wednesday on signs Israel will proceed with a ground invasion of Gaza, reviving concerns the conflict could escalate and threaten energy supplies.The 10-year yield has been catching up to the Federal Reserve’s main interest rate, which is above 5.25% and at its highest level since 2001 as the central bank tries to get inflation under control.In the second quarter of the fiscal year 2024, Axis Bank Ltd disclosed a net profit of ₹5,863 crore, demonstrating a 10% growth from ₹5,329.8 crore recorded in the corresponding quarter of the previous year.

By Jeslyn Lerh

Investing.com-- Oil prices moved little in Asian trade on Thursday as markets hunkered down before key U.S. economic data due later in the day, while focus also remained on any more developments in the Israel-Hamas war. 

Paul Grewal, the Chief Legal Officer at Coinbase, voiced a strong stance against funding malicious entities through cryptocurrencies in a series of tweets on October 11, 2023. His tweets come amidst escalating geopolitical tensions involving Israel and the terrorist organization, Hamas. Grewal labelled the situation as «evil,» emphasizing that no funds should be directed towards supporting Hamas or similar organizations, irrespective of the form of assets—be it fiat currency, gold, or cryptocurrency.

Former U.S. International Trade Commission Chief Peter Morici joined ‘Varney & Co.’ to discuss the state of the U.S. markets as investors attempt to navigate the economic impact of the Israel-Hamas war. 

By Jeff Mason

Investing.com — Crude prices rose for the first time in four days, with global benchmark Brent recapturing key $90 per barrel pricing, as traders braced for the possibility of contagion from the Israel-Hamas war that could disrupt oil traffic in the Middle East — despite little evidence of such impact.

Israel is preparing a ground invasion of Gaza, Prime Minister Benjamin Netanyahu said in a televised statement on Wednesday, but he declined to provide any details on the timing or other information about the operation. He said the decision on when forces would go into the Palestinian enclave, controlled by the Islamist movement Hamas, would be taken by the government's special war cabinet, which includes the leader of one of the centrist opposition parties. «We have already killed thousands of terrorists and this is only the beginning,» Netanyahu said. «Simultaneously, we are preparing for a ground invasion.

MUMBAI : Indian stocks extended their decline for a fifth straight session on sustained selling by foreign and retail direct investors amid rising bond yields in the US, the Israel-Hamas war, which is now threatening to engulf other countries, and rising crude prices. Market experts expect stocks to fall further. Benchmark indices Nifty and Sensex fell more than 0.8% each to 19,122.15 and 64,049.06 on Wednesday as foreigners offloaded shares worth a provisional ₹4,236.6 crore and continued selling by retail, offsetting the ₹3,569.36 crore worth of buying by domestic institutions.

Corporate Travel Management is evacuating people from Israel under a contract with the UK government and private sector clients.

A combination of factors like the Russia-Ukraine war, recession in the US and China, and the growing popularity of labgrown diamonds have led to fall in prices of polished diamonds. The Indian diamond trade that cuts and polishes 9 out 10 diamonds available in the world has inventory in hand it wants to sell off in the domestic market at a lower price, giving a chance to Indian buyers to own bigger diamonds at a lower price. “The fall in prices of diamonds have resulted in a 20 percent hike in sales this Dussehra at our stores pan-India,” said Suvankar Sen, managing director & CEO of Senco Gold & Diamonds.

invasion of Gaza for now so that the United States can rush missile defences to the region to protect its troops there, the Wall Street Journal reported on Wednesday, citing U.S. and Israeli officials. Israel is also taking into account in its planning the effort to supply humanitarian aid to civilians inside Gaza, as well as diplomatic efforts to free hostages held by Hamas militants, the report said. Threats to U.S.