Markets may open lower as the Israel-Hamas conflict worsens, but they will eventually rise.
Early morning trading saw a 3–4 percent increase in the price of crude oil, with Brent crude surging beyond $87.4 per barrel and WTI surpassing $85.7.
Market experts suggest prudence and patience before making any judgments due to the shifting nature of the situation surrounding recent attacks on Israel.
On October 9, the market is likely to open with a gap down as the conflict in West Asia drives up crude oil prices and encourages investors to flee risky international equities. Early morning trading saw a 3–4 percent increase in the price of crude oil, with Brent crude surging beyond $87.4 and WTI surpassing $85.7.
"We must wait and observe the circumstances. the present market Samir Arora, founder and fund manager at Helios Capital, told Moneycontrol that although the market "may open lower, we cannot judge how this will pan out moving forward." He avoided making any important calls. We did that the last time, following the Russia-Ukraine war, but the market did not actually decline as much as we anticipated.
Early Monday trading saw a 0.7 percent decline in US stock futures (S&P 500), while Asian stocks were neutral. Australian stocks increased despite a decline in mainland Chinese markets. Due to a holiday, the markets in Japan and South Korea were closed. The benchmark TA-35 stock index of Israel experienced its largest loss in more than three years on Sunday, dropping 6.4 percent, which led the decline in the Middle East equities indices.
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