In a dramatic escalation of the ongoing conflict between Iran and Israel, Iran reportedly launched a missile attack on the Tel Aviv Stock Exchange (TASE) building, causing considerable structural damage, as confirmed by reports from Al Jazeera.
Despite the direct assault, Israeli markets remained resilient. In a surprising show of confidence, local investors continued to buy equities, driving key stock indices higher.
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TA-35 gained 0.49%, closing at 2,818.83 points
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TA-125 rose 0.51% to end at 2,854.98 points
Israel’s stock markets have remained unshaken since the conflict began on June 13, 2025, recording gains even in the face of geopolitical turmoil.
Missiles Hit Israel, But Fallout Lands on Indian Investors
While Israeli equities rallied, Indian stock markets bore the brunt of global investor anxiety. The missile strike, coupled with rising oil prices and regional instability, triggered a third consecutive day of losses for Indian indices.
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BSE Sensex closed 82.79 points lower, ending at 81,361.87
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NSE Nifty dipped to 24,793.25, a fall driven largely by declines in financial, IT, and media stocks
Sector-Wise Breakdown
On the Sensex, major laggards included:
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Adani Ports, Bajaj Finance, Tech Mahindra, IndusInd Bank, Nestle, SBI, NTPC, Infosys, TCS, and Asian Paints
At the NSE, the worst-performing sectors were:
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Nifty PSU Bank (down 2.04%)
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Followed by IT and Media indices
Crude Prices Spike Amid Tensions
Geopolitical concerns also pushed Brent Crude prices sharply higher. Over the past week, crude has jumped nearly $10 per barrel, reaching $77 on Thursday.
Market analysts are warning of further price shocks if the Strait of Hormuz—a key oil transit route—is impacted. Iran, a major oil producer, plays a pivotal role in the region’s energy dynamics, and any disruption could ripple across global markets.