nine listed firms with exposure to the area during the Israel-Hamas conflict

 nine listed firms with exposure to the area during the Israel-Hamas conflict

Israel-Hamas War: Since the geopolitical tensions flared in Israel, Indian businesses who do business in the Middle East have been on edge, concerned about their activities there and the potential effects on their financial sheets.

Tensions between Israel and Palestin began to rise on October 7 and continued to rise throughout the weekend. Market observers and investors were preparing for a meltdown in the Indian stock market by Monday (October 10), when it had escalated into a full-fledged conflict. As the Hamas war on Israel became more intense, analysts began to examine its effects on the price of gold, oil, inflation, and ultimately the economy.

The following stocks and businesses are involved in Israel's geopolitical issues and have operations there:

Some well-known Indian corporations, including Tata Consultancy Services, Infosys, Wipro, Adani Ports, State Bank of India, Larsen & Toubro, Bharat Forge, and Sun Pharma, have operations in Israel, according to experts.

After the business said that Haifa's entire contribution to Adani Port's figures is just 3% of the total cargo volume, the share price of Adani Ports increased by over 3% during the morning session of trading. Israel's Haifa Port is owned by Adani.

In morning session, the price of Wipro's shares increased by roughly 1%. In response to a Mint inquiry, Wipro said that it employs roughly 80 Israeli citizens there. It has recommended all workers in the nation to work from home until further notice and to abide by the safety regulations set out by the regional administration.

Sun Pharmaceutical shares, on the other hand, fell more than 1% but quickly rose again. Notably, Israel's Taro Pharmaceutical is majority-owned by Sun Pharma. TCS shares also fell by roughly 1% but quickly rose again.

The market seemed to have forgotten about the Israel-Hamas conflict as the stock indexes Sensex and Nifty 50 both increased by more than 5% in morning session.

Although the outcome of geopolitical events cannot be foretold, analysts do not believe that the conflict would have a significant influence on the Indian economy. However, this geopolitical unpredictability has given safe-haven assets like gold a boost. When there is geopolitical unrest, economic uncertainty, or financial market turbulence, gold is sometimes seen as a safe-haven asset.

More than 5,000 rockets were launched by Hamas forces from the Gaza Strip at Israel on Saturday, resulting in at least 1,100 fatalities and many injuries. The attack also activated air raid sirens throughout the nation and increased the probability of more intense conflict.

As Palestinians prepare to "live another Nakba," Israel has announced a total control of Gaza and imposed a comprehensive embargo on the territory. The Hamas organization is now prepared for conversations over a cease-fire with Israel, according to a senior leader.