Global markets, including India, on Monday came under pressure in a global risk-off move following the eruption of a growing conflict between Israel and the Palestinian Islamist group Hamas. The BSE Sensex fell by 0.73 per cent, or 483 points, to 65,512.39 and the NSE Nifty index fell 141 points to 19,512.35 in the sell-off.
If the war persists for a long time, stocks and the rupee are likely to come under pressure, analysts cautioned. On Wall Street, stocks sank ahead of the bell on Monday as the Middle East conflict added a dose of geopolitical risk to the interest-rate and inflation concerns already facing markets. Dow Jones futures dropped roughly 0.5 per cent or about 175 points. S&P 500 futures lost about 0.6 per cent, while contracts on the tech-heavy Nasdaq 100 fell over 0.8 per cent.
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