Financial Turmoil Hits Indian Stock Market: Iranian-Israeli Conflict and US Inflation Catalysts
May 10, 2024
Mumbai (Maharashtra) [India], May 10: In a tumultuous turn of events, the Indian stock market witnessed a staggering plummet of over 800 points on April, resulting in a loss of nearly 5 Lakh crores. Analysts are now warning of an impending financial tsunami as tensions escalate between Iran and Israel, coupled with the specter of soaring US inflation, threatening to destabilize not only the Indian market but also sending shockwaves through US and European financial sectors.