The effect of this news can be seen in the stock market
The last time a major action was taken on October 1 during the Israel-Iran war, its impact was visible on the Indian stock market. Now Israel has also eliminated a major chapter of Hamas. Great news has also come from Europe that in such a situation, tomorrow Friday there may be tremendous ups and downs in the Indian stock market.
There has been a new turn in the war between Israel and Hamas. Israel claims it has killed Hamas chief Yahya Sinwar. Because of this, there is a possibility that geopolitical tension will rise again and its effect can be seen in stock markets around the world.
‘Loaded from Gaza’ has disappeared
Amid the war with Hamas, Israel claimed Thursday that it had eliminated Hamas chief Yahya Sinwar. It says Hamas chief Yahya Sinwar was one of three terrorists killed a day earlier in Gaza’s Rafah. Yahya Sinwar is the person who ordered the attack on Israel on October 7. Israel has also cited DNA evidence to confirm Yahya Sinwar’s death.
Yahya Sinwar is also called “Loaded from Gaza.” He has received this title for his terrible deeds. By the way, Osama bin Laden was the leader of Al Qaeda, who was killed by US defense agencies in Abbottabad, Pakistan. Osama bin Laden was accused of attacking the United States World Trade Center.
Interest rates fell in Europe
On the other hand, the European central bank, the ‘European Central Bank’ (ECB), has announced that it will reduce its official interest rates. Retail inflation in Europe reached its lowest level in 3 years, only after this the European Central Bank announced an interest rate cut. Interest rates were reduced by 0.25 percent on Thursday. The ECB works to decide the monetary policy of the 20 countries of the European Union. The meeting of the ECB’s Policy Rates Council was held in Ljubljana, Slovenia. This decision was made at the meeting. In this regard, the policy rate has been reduced from 3.5 percent to 3.25 percent.
The ECB has cut official interest rates for the third consecutive time since June 2024. This demonstrates its success on the inflation front. The European Union’s retail inflation rate fell to 1.8 percent in September. This is the first time in the last three years that the inflation rate has fallen within the ECB’s two percent range.
Will there be havoc in the stock market?
The impact of these two major global events will surely be visible in the Indian stock market tomorrow i.e. Friday. The country’s stock market has been on a downward trend for 3 consecutive days and on Thursday, BSE Sensex fell by 495 points while NSE Nifty also recorded a fall of 221 points.
Sensex fell 494.75 points or 0.61 per cent and closed at 81,006.61 points. The National Stock Exchange (NSE) Nifty closed at 24,749.85 down 221.45 points or 0.89 per cent. Due to this, investors lost Rs 6 lakh crore in a day.
