INSUBCONTINENT EXCLUSIVE:
A sudden spurt in geopolitical tension in West Asia after a US airstrike killed top Iranian military personnel, Qassem Soleimani, made Dalal
fiscal arithmetic, should it lead to a spike in crude oil prices as is being speculated.
Reacting on the news, oil prices surged over 4 per
cent in international markets
The black gold rallied more than 35 per cent in the domestic market in 2019
India imports 83 per cent of its oil needs.
Domestic equity benchmarks Sensex and Nifty declined a quarter per cent in early trade on
Qassem Soleimani is very significant, as he was extremely close to the Iranian Supreme Leader
Iran will certainly retaliate
Oil is likely to be on the boil
Bodke, CEO-PMS, Prabhudas Lilladher.
Soleimani, the head of Iran's Quds Force, was hit in an attack on the Baghdad International Airport
early Friday, reports said
level at the end of November at 114.8% of the budgeted target for the financial year, highlighting the challenge the government faces in
per cent of GDP, or $6.3 billion, in the September 2019 quarter, on account of a lower trade deficit
It stood at 2.9 per cent of GDP, or $19 billion, in the corresponding quarter of 2018-19
Risk aversion would spike sharply
directly or through its numerous proxies in the region in countries like Iraq, Yemen, Syria, Lebanon with the intention of causing massive
damage to the US and its Gulf allies, like Saudi Arabia, UAE and Kuwait.
It is likely to aim at causing massive disruption of supply routes
through the Persian Gulf or strike at key oil installations besides striking US military or civil interests in the Gulf and beyond, he
said.
As risky assets plummeted globally, investors preferred to go with safe haven gold and silver
MCX Gold traded 1.12 per cent higher at Rs 39,715 per 10 gm at around 10.10 am (IST), while MCX Silver rose 0.87 per cent to Rs 47,429 per 1
kg.
Analysts said market participants should watch domestic bond yields as any outflow by foreign institutional investors due to rising risk
aversion may spark a selloff, leading to rise in bond yields
Foreign portfolio investors poured more than Rs 1 lakh crore into Indian equities and Rs 25,805 lakh crore in domestic debt last
The General is among the top three leader from a military perspective
His influence stretched from Yemen, Syria to Iraq
Hari, Founder - CEO, Vanda Insights, said the latest US-Iran conflict could escalate into a bigger war
Until the situation becomes clearer, it is going to be a kneejerk reaction factoring in the risk premium
