Iran-Israel War: How Indian Share Market Will Be Impacted From the Ongoing Geopolitical Tension?

Iran-Israel War: Middle East tension and geopolitical news have increased the risk sentiment of the market. In the Indian market, on the first business day of the week, the Nifty was trading below 150 points, while Sensex was trading below 600 points. However, the ongoing war-like situation between Iran and Israel has affected the entire global ecosystem. 

Iran-Israel War Impact

Although India has condemned this war, India has also warned that both countries have to find diplomatic solutions. The biggest impact of this is likely to be on petroleum companies. India imports the most crude oil from Russia, after which the second largest country is Iran, from which India imports crude oil. This increasing tension between Iran and Israel can also increase crude oil prices, which is likely to harm petroleum companies.