Israel’s retaliatory attack on Iran on Friday has impacted the crude oil prices as well as global indices including India’s GIFT Nifty.
With the news, GIFT Nifty marked a gap down opening at 300 points lower standing at 21,759 at 7:40 am.
On the other hand, Brent Crude rates increased 3% reaching a per barrel price of $90. The price of WTI Crude also increased over 3%, reaching $85.75 per barrel.
Apart from India, the US market also felt the impact with Dow Jones Futures and Nasdaq Futures slumping by 400 points and 250 points respectively.
The retaliation attack has also led Japan's Nikkei 225 to fall by 3%. South Korea, Hong Kong's Hang Seng, and Australia's S&P 200 also noted a fall of 2%, 1%, and 1%, respectively.
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