Delhi/Hyderabad, Mar 9 (Maxim News): International markets have been reeling since the America-Israel-Iran War began. This war is particularly having a severe impact on Indian equity markets. Since the start of this war, investors’ wealth has evaporated by Rs. 30 lakh crore (Iran war impact on stock market).
Domestic indices are suffering heavy losses due to rising crude oil prices, expectations of a severe economic impact on India, the world’s third-largest crude oil importer, and fears of foreign fund diversion. On Monday (March 9), market capitalization lost nearly Rs 12 lakh crore in a single day (Dalal Street losses).
Brent crude oil prices have risen by more than 25 percent in a week to cross $114 per barrel. Even a dollar increase in the price of crude oil per barrel will have a severe impact on India. Because our country’s crude oil requirements are met by imports, almost 85 percent. In this context, foreign portfolio investors are diverting funds with expectations of severe pressure on the Indian economy (₹30 lakh crore wiped out).
In the last four trading sessions, foreign investors have pulled out nearly Rs 21,000 crore from Indian equities (Indian stock market crash). This is the highest in the last 17 months. Due to this war, along with crude oil companies, banking, aviation and FMCG companies have also suffered huge losses. Except for defense sector stocks, all other sectors have suffered losses. The longer this war continues, the more severe the losses will be. (Maxim News)
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