Israel Financial News

By Joice Alves and Rae Wee

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Nifty 50, Sensex decline on Israel-Hamas war: 5 factors that weigh on market sentiment On Monday, Nifty 50 opened at 19,539.45 against the previous close of 19,653.50 and fell 0.90 per cent to the day's low of 19,480.50 while the Sensex opened at 65,560.07 against the previous close of 65,995.63 and fell 0.85 per cent to the day's low of 65,434.61 in Monday's trade so far. Last week, the Nifty formed a small bullish candle with a lower shadow on the weekly chart, indicating buying near the 20-weekly simple moving average.

Catch Israel-Palestine War Live Updates here The fallout of Israel-Hamas war on the global economy may take time to become clear but would become more severe if the conflict spreads to the rest of the Middle East, especially Iran, which is both a major oil producer and supporter of Hamas. “It’s too early to say" what the implications may be, though oil and equity markets may see immediate fallout, Agustin Carstens, general manager of the Bank for International Settlements, said in a presentation to the National Association for Business Economics, Reuters reported.

Hamas’s bloodthirsty assault on Israel. That is because it involved thousands of rockets, and fighters attacking the south of the country by land, sea and air. And because it was completely unforeseen despite its scale, inflicting a humiliating blow against Israel’s vaunted intelligence services.

rupee ended flat at 83.25 against the US dollar. The rupee hit a lifetime low of 83.29 in October 2022. Brent crude futures, the global oil benchmark, advanced 3.13% to $87.23 per barrel.

Nifty 50, Sensex decline on Israel-Hamas war: 5 factors that weigh on market sentiment In a released statement, the central bank also disclosed its commitment to providing liquidity through SWAP mechanisms, with an allocated amount of up to $15 billion. It emphasised ongoing vigilance, stating that it will monitor developments across all markets and employ available tools as deemed necessary. Prior to the announcement, the shekel had experienced a decline of over 2 percent, reaching a more than 7-1/2 year low of 3.92 per dollar, the report added.

₹192.25 on 29th September, however had corrected more than 5% during the previous week as it stood amongst the largest losers amongst Nifty stocks, following correction in crude prices. The global slow down concerns had weighed on the crude prices during the last week that had otherwise been rising on supply side concerns due to production cuts by Russia and Saudi Arabia. The Israel Palestine Crisis now however is leading to the expectations of rebound in crude prices and remains supportive for ONGC stock prices.

chipmakers, diamond processors and software-services providers. Saturday’s assault has sparked fresh concern about geopolitical risks among investors just when global financial markets were already grappling with the impact of high-interest rates and the slowdown in China’s economy. Oil surged more than 5% while US equity futures dropped in Asia trading, as the risk of the conflict escalating across the Middle East region remains acute. “The Israel-Hamas conflicts over the weekend may escalate geopolitical tensions in the Middle East region, causing risk-off trades,” Tina Teng, an analyst at CMC Markets wrote in a note. “Markets will be concerned about the rippling effects to the region.” The MSCI Asia Pacific Index treaded water as markets in Japan, South Korea and Taiwan were closed for a holiday, while trading in Hong Kong was halted due to a typhoon. Here are some global themes to watch: Technology Chip stocks from Nvidia Corp.

Joe Biden's $6 billion prisoner-swap deal with Iran is now under the spotlight after militant group Hamas, long backed by Iran, staged one of the bloodiest attacks on Israel in years. Some Republicans are trying to link Biden to attack. Nikki Haley, one of the Republican presidential candidate for 2024 polls, alleged that allowing Iran access to the billions of dollars improves its budget situation, letting it use the money elsewhere. «Let's be honest with the American people and understand that Hamas knows, and Iran knows they're moving money around as we speak, because they know $6 billion is going to be released. That's the reality,» she said. US Secretary of State Antony Blinken has however said that there is not evidence yet of «Iran directed or was behind this particular attack, but there’s certainly a long relationship.» Fighting between Israel and Hamas militants continued for the third day, which is likely to drag on. More than 1,100 people have been killed in Palestinian group Hamas's surprise assault on Israel on Saturday and Israel's retaliation.

Hamas on Saturday represented an equally stunning intelligence failure by Israel that involved undetected warnings, overwhelmed missile defenses and a slow response by apparently unprepared military forces, former and current U.S. officials said. American officials said Hamas had achieved a complete tactical surprise, reflected in a death toll of at least 700 Israelis.

Israel is calling the attack by Hamas this weekend an “earthquake” for the country and people’s sense of security, and says the conflict has become a “battle for national survival.”Chuck Freilich made the comments in an interview with The West Block‘s Mercedes Stephenson on Sunday, a day after Hamas militants launched a slew of rockets into Israel’s south, as well as attacks by land and sea, in what is being seen as an unprecedented attack.More than 600 in Israel have been killed, according to government numbers, with claims by Hamas of capturing military soldiers and reports of residents also being abducted.“This is one of the worst developments in Israel’s history. It’s the first time since the War of Independence in 1948 that Israeli territory was occupied even briefly,” said Freilich, a professor of political science at Columbia University and previously a deputy national security adviser in Israel.“This is an earthquake for Israel, militarily, psychologically, the sense of people’s security, and it’s, I believe, a total different change in the situation, which is going to require responses by Israel on a completely different level.

Israel by air, land and sea.Millions of Israelis in the country’s south awoke to incoming rockets and the inevitable thud of impact. Air raid sirens wailed as far north as Tel Aviv.

Stock market today: Despite weak stock market sentiments duen to Israel Palestine conflict, E Factor Experiences Limited IPO listed today on NSE SME Emerge platform delivering over 53 per cent listing gain to its allottees. E Factor Experiences Limited share price opened on NSE at ₹115, which is ₹40 per share higher of more than 53 per cent from its price band of ₹71 to ₹75 per equity share. However, the newly listed NSE SME stock didn't stop here only.

₹316 lakh crore from about ₹320 lakh crore in the previous session, making investors poorer by about ₹4 lakh crore. Naturally, with the market recovery, the BSE mcap also rose to about ₹317 lakh crore later.

Follow our LIVE coverage on Assembly Elections 2023 here The EC on October 6 convened a meeting of general, police, and expenditure observers where Chief Election Commissioner Rajiv Kumar instructed them to ensure a comprehensive control of the influence of money power, ANI reported. The Commission, in an official statement, stated that during a briefing meeting for upcoming elections, Kumar directed observers to ensure a fair and impartial electoral process.

₹57,000 per 10 gm levels and went on to hit intraday high of ₹57,400 levels within few minutes of commodity market's opening bell today. In spot market, gold price is oscillating around $1,850 per ounce levels.

BEIJING — China called for a ceasefire in the Israel-Hamas conflict — and for «establishing an independent State of Palestine,» according to a Ministry of Foreign Affairs statement Sunday.

«The timing is definitely symbolic, and I believe it was picked that way by the initiators,» Sarit Zehavi, President and Founder of Alma Research and Education Centre and former researcher in the Israel Defence Forces Intelligence Corps, told ANI. On Saturday, which was also a major Jewish holiday, Hamas militants launched a series of rocket strikes that hit major cities across Israel, and it sent waves of fighters across the border into southern Israel, killing hundreds of people and taking captives back to Gaza. Hamas militants used explosives to breach the barriers and then used bulldozers to widen the gaps. Militants entered into Israel in motorcycles and SUVs.

Middle East boosted oil and Treasuries, while the sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week. Holidays in Japan and South Korea made for thin conditions but the initial bid was for bonds and the safe harbours of Japanese yen and gold, with the euro the main loser. «The risk is higher oil prices, a slump in equities, and a surge in volatility supports the dollar and yen, and undermine 'risk' currencies,» said analysts at CBA in a note. In particular, there was a chance oil supplies from Iran might be disrupted, they added. «Given the tightness already facing physical oil markets in Q4 2023, an immediate reduction in Iran's oil exports risks pushing Brent futures above $US100/bbl in the short term.» Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when Islamist group Hamas killed 700 Israelis and abducted dozens more. The danger of disruptions to supply was enough to drive Brent up $4.24 to $88.82 a barrel, while U.S.

Israel and Hamas erupted over the weekend which is likely to weigh on the market sentiment. The domestic benchmark indices ended over half a percent higher on Friday after the Reserve Bank of India (RBI) maintained status quo on policy rates and stance. The Nifty 50 closed at 19,653.50, up 108 points, while Sensex closed 364 points higher at 65,995.63.