Lok Sabha Elections 2024, Geopolitical Tensions; Market In Bloodbath, These Are The 5 Key Points
Video Credit: Oneindia - Duration: 02:33s - Published
Lok Sabha Elections 2024, Geopolitical Tensions; Market In Bloodbath, These Are The 5 Key Points
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 pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
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A week that started with cautious optimism for a breakthrough in negotiations between Israel and Hamas has ended, perhaps unsurprisingly, with the prospect of.. Sky News
Israeli Prime Minister Benjamin Netanyahu declared on May 5 that his government had unanimously voted to close down the local offices of Al Jazeera, a broadcaster owned by Qatar. Netanyahu announced the decision on X, formerly known as Twitter, but specifics regarding the implications, timing, and permanence of the closure remained unclear. This move marks an escalation in Israel's longstanding dispute with Al Jazeera and raises tensions with Qatar, particularly significant as Qatar is actively involved in mediating efforts to end the conflict in Gaza. Israel's contentious relationship with Al Jazeera stems from accusations of bias against the network.
#AlJazeeraBan #IsraelDecision #NetanyahuCabinet #MediaBan #PressFreedom #IsraeliPolitics #AlJazeeraShutdown #FreedomOfPress #GlobalMedia #Censorship
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