Lok Sabha Elections 2024, Geopolitical Tensions; Market In Bloodbath, These Are The 5 Key Points

5 months ago

As the trading session commenced on April 19th, both the Sensex and the Nifty continued their downward trend for the fifth consecutive day, fueled by reports of Israel's recent missile launch on Iran. This event triggered a surge in oil and gold prices, heightening concerns about the global economy. Concurrently, the commencement of Lok Sabha elections added to the domestic landscape. The Indian rupee also opened at a historic low of 83.55 per Dollar.

#Market, #Sensex, #Nifty, #IranIsraelConflict, #StockMarket
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Transcript

00:00 As the trading session commenced on April 19, both Sensex and the Nifty continued their

00:05 downward trend for the fifth consecutive day.

00:08 Fueled by reports of Israel's recent missile launch on Iran, this event triggered surge

00:14 in oil and gold prices, heightening concerns about global economy.

00:18 Concurrently, the commencement of Lok Sabha elections added to the domestic landscape.

00:24 The Indian rupee also opened at a historic low of 83.55 per dollar.

00:29 Now we'll talk about the top five things that are impacting the Indian stock markets

00:34 today.

00:35 Iran and Israel conflict, sell-off in the US market, surge in global crude prices, phase

00:40 one voting of Lok Sabha elections and the fourth quarter earnings report.

00:44 The reports of Israel launching retaliatory strikes on Iran following reported explosions

00:49 near Ishafan raised concerns for a broader conflict in the Middle East.

00:55 Rising statements from Iran and US officials intensified geopolitical uncertainties.

01:00 Now, the US stock market also closed with mixed results on Tuesday as the S&P 500 extended

01:07 its fifth consecutive session of declines while the Dow Jones Industrial Average managed

01:12 a slight uptick.

01:13 Notable movements among stocks included Netflix's 4% drop in extended trading after quarterly

01:19 results contrasting with gains in meta platforms and genuine part shares.

01:25 Global crude oil prices soared over 4% due to escalating tensions in the Middle East

01:29 with Brent surpassing $90 a barrel.

01:33 Reports of Israeli strikes on Iranian soil fueled the rally reflecting heightened geopolitical

01:39 risks.

01:40 Voting commenced for the first phase of the Lok Sabha elections across 102 parliamentary

01:45 seats in 21 states and union territories.

01:48 Prime Minister Narendra Modi and Congress leader Rahul Gandhi urged citizens to exercise

01:53 their democratic rights.

01:55 Companies have also started reporting their fourth quarter earnings for FY23-24.

02:00 The recent numbers in the large cap pack were released by tech giant Infosys.

02:04 The company posted robust Q4 earnings with a 30% year-on-year increase in net profit

02:10 and a 1.3% year-on-year growth in revenue.

02:13 However, revenue in constant currency terms remained flat year-on-year and declined subsequently

02:19 prompting a cautious outlook for FY25 despite expected modest growth and operating margin.

02:28 -

Lok Sabha Elections 2024, Geopolitical Tensions; Market In Bloodbath, These Are The 5 Key Points

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