US intervenes in Israel-Iran conflict: Check market guru's view on impact on Indian equities

Anil Singhvi view on markets as US enters war against Iran:  Over the weekend, despite US President Donald Trump's earlier announcement that the US would decide on its involvement in the Iran-Israel war within 15 days, the US entered the war against Iran, striking three of its nuclear facilities. Trump claimed that the US obliterated Iran's Fordow, Natanz and Isfahan, nonetheless officials are still evaluating as to how devastating was the impact on Iran.

After the attack, Trump warned that the US could strike further if Tehran does not make peace. 

“Monumental Damage was done to all nuclear sites in Iran, as shown by satellite images,” Trump wrote on Truth Social late Sunday night.

Further, as a response to the US airstrikes that targeted Iran's nuclear sites, Supreme Leader Ayatollah Ali Khamenei issued a serious and urgent message for the US, stating,  "Americans should expect greater damage and blows than ever before." 

The statement signalled Iran's determination to retaliate over US attacks after what it terms as an aggressive act of war against its sovereignty.

Will America's intervention drag Indian equities? Check Anil Singhvi view

So as tensions continue to escalate, Zee Business Managing Editor Anil Singhvi noted that the impact of the US attack on Iran is very limited as of now. He added that there is heightened fear until the attack happens. Furthermore, the market guru pointed out that if the attack was launched on a weekday, the equity markets would have shown immediate and sharper correction.

However, after the event has occurred, the market generally take a sigh of relief.

He noted that from Dow futures to GIFT Nifty, the fall on all major index futures had been very limited. And reacting to the geo-political tensions, the NSE's Nifty50 opened lower by more than 170 points below 25,000 mark.