look news india
New Delhi: There was a big fall in Indian stock markets today due to increasing tension in the Middle East amid fears of war between the two countries after Iran fired about 180 ballistic missiles at Israel and shares of listed companies linked to Israel also rose. Is. Noticed negative effects. There is a possibility of a big blow to India's trade amid the fear of disruption in global trade with Iran and Israel.
At least 14 Indian listed companies currently have links with Israel. In which Adani Ports & SEZ currently owns Haifa Port in Israel. Whose share price today decreased by Rs 40.15 to Rs 1426.65. Sun Pharma Industries also has the highest stake in Israel's Taro Pharmaceuticals Company.
The share price of the company fell by Rs 5.80 to Rs 1913.60. At the same time, if Tel Aviv-based Teva Pharmaceuticals is affected, Dr. Reddy's Laboratories and Lupine Limited may also be affected. Shares of Dr. Reddy's Lab fell by Rs 32.75 to Rs 6714.20 and shares of Lupine Ltd fell by Rs 11.15 to Rs 2183.10.
Mining companies NMDC and jewelers Kalyan Jewellers, all titans, also have Israeli connections. Shares of NMDC fell by Rs 4.40 to Rs 239.45, shares of Kalyan Jewelers India fell by Rs 18.95 to Rs 731.10 and shares of Titan Company fell by Rs 97.50 to Rs 3677.05. Among IT companies, Tata Consultancy Services-TCS, Wipro, Tech Mahindra, Infosys, State Bank of India also have presence in Israel. The share prices of these companies also declined today.
Apart from this, in case of stoppage of crude oil supply in the event of Iran-Israel war, there is a possibility of impact on the industries and companies using crude oil as raw material. In which especially the share prices of Asian Paints and Berger Paints fell today. Along with this, share prices of Apollo Tires and MRF as well as JK Tires also fell.