Bitcoin surges amid rising geopolitical concerns; Ethereum and Altcoins experience mixed performance. Major crypto tokens trading mixed on Friday with Bitcoin up 0.9% at $62,200 and Ethereum down 0.4% at $3000. Updates on the Iran-Israel conflict impacting market sentiment.
RAWANG, April 19 The Ministry of Investment, Trade and Industry (Miti) is closely monitoring reports on the Middle East conflict for a possible escalation in the.
Benchmark equity indices opened lower for the fifth straight session on Friday, mirroring the trend seen in Asian markets, on reports of an escalation in geopolitical tensions in the Middle East. The S&P BSE Sensex was trading 598 points or 0.83% lower at 71,890. Nifty50 was trading at 21,814, down 181 points or 0.82% at around 9.18 am. Infosys, NTPC, L&T, Axis Bank, and Power Grid opened lower. Nifty IT, Media, PSU Bank, Realty, and Auto fell over 1% each.
The U.S. military's success helping Israel stop a massive wave of Iranian missiles and drones last weekend might suggest Washington is well prepared militarily for whatever comes next as Iran and Israel move from shadow warfare to direct confrontation. But current and former U.S. officials say U.S. forces are not positioned for a major, sustained Middle East conflict and the Pentagon may have to revisit assumptions about military needs in the region if the crisis deepens. "I don't think we have all the forces that we would want to support Israel if there was a direct war between them and Iran," said Michael Mulroy, a former deputy assistant secretary of defense for the Middle East under the Trump administration.