Bear Attack: Israel-Hamas Conflict Spills onto Street
The Economic Times [
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Oct 10, 2023 | Page No.: 1 | Position: Top Left | Source: Bureau | Sq Cm: 303 | AVE: 816268 | PR Value: 4081340
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Bear Attack Israel-Haman Conflict Spills on o Street Crude gold prices Sensex All in a Month 68 000 jump broader 67 500 markets witness 65 512 39 67 000 sharper selloff 66 500 • fear gauge climbs 66 000 66 598 91 65 500 Our Bureau 65 000 Source BSE8 Sep 2023 9 Oct Mumbai Indian equities wea- RUPEE kened on Monday as heighte- 10-yr Govt ned uncertainty over the Isra- Bond Yield 83 28 el•Hamas conflict led to a flight 7 38 vs Dollar of money across global mar- 7-6TH HIGH FLAT kets to safe-haven assets such as gold and the US dollar The ints or 0 73 gained 0 21 and Taiwan rose surge in oil prices in the wake to close at 0 41 In the US S P 500 was of the geopolitical tensions al- 65 512 39 while trading 0 6 higher the Dow so soured sentiment among in- Nifty declined Jones was up 0 6 and the Nas- vestors already anxious about 141 15 points or 0 72 to close daq Composite was up 0 4 at the persistent inflation and ri- at 19 512 35 Elsewhere in Asia the time of going to press sing bond yields in the US China declined 0 44 Hong The Sensex dropped 483 24 po- Kong rose 0 18 South Korea FPIs sell Shares Worth z997 7Cr ? 9 FPIs Sell Shares Worth Z997 7 Cr of 19 602 was a sacrosanct level for the Nif- 1•¦ From Page 1 ty said Amol Athawale VP -- Technical Re- On the 50-share Nifty 43 stocks ended lower search Kotak Securities Below that level while seven ended higher Adani Ports it may go to 19 150 on a positional basis if slumped 5 1 HDFC Life dropped 2 7 He- the index goes above it we may see a rally ro MotoCorp declined 2 5 and M M fell up to 19 800 2 2 Brent crude futures jumped 3 09 to The unfortunate events in Israel along 87 67 a barrel in Monday s trading in re- with worries that US interest rates might sponse to the geopolitical tensions in the remain higher for a longer period of time Middle East Though Israel is has caused the market to fall today said not an oil producer the esca- Kumar Manish head of research at broke- lating tensions in the region rage BOB Capital Markets may disrupt supply Rising oil Foreign portfolio investors FP1s net sold prices affect India which im- shares worth Z997 76 crore while domestic ports more than 80 of its institutions were buyers to the tune of crude requirements 2 661 27 crore according to provisional Gold prices rose as the Israel-Hamas ten- data sions resulted in demand for lower-risk as- NSE s Volatility Index or VIX a fear gau- sets Comex Gold December futures were ge jumped over 12 to 11 40 suggesting up1 at 1 863 8at the time of going to print traders see risks of further near-term At home the selloff in the broader market downside in the market was sharper with the Nifty Midcap 150 Analysts said the Nifty s close below 19 602 dropping 1 34 and the Nifty Smallcap 250 a key technical support on Monday has falling 1 63 Of all the 3 929 stocks traded opened the likelihood of further downside on the BSE 2 830 declined while 977 rose The 50-day SMA simple mov ing average All BSE indices ended in the red