Russia Ukraine War: Stock Market, Crude Oil, Gold, Inflation...

Russia Ukraine War: Stock Market, Crude Oil, Gold, Inflation…


Russian Ukraine War : War means loss is loss. Now the effect of the Russo-Ukraine war is visible everywhere. In the war between the two countries, there is a huge economic loss along with the soldiers, common citizens. On the other hand, the whole world is burning in the fire of this war. Be it India or America. Stock market, crude oil, gold or inflation… there is an outcry everywhere.

India is facing a huge loss. India has very close trade relations with both the countries of Russia and Ukraine. Therefore, import-export is being badly affected. The supply chain has been disturbed. State Bank of India (SBI) had said in a report that if the war drags on, the government’s revenue may decrease by Rs 95 thousand crore to one lakh crore in the next financial year. At the same time, domestic inflation will also increase. Because the prices of all goods and products can be affected.

Let us understand point by point which major sector is suffering heavy losses…

Share Market
Along with the stock market around the world, there is a huge decline in the Indian stock market. The Sensex has fallen by more than 5000 thousand points since the beginning of the war. Today i.e. on Monday 7 March also the Sensex is trading with a fall of about 1500 points. In this fall, Indian investors lost more money than Ukraine’s GDP. Since February 15, Indian investors have lost more than Rs 15 lakh crore ($197 billion) so far.

Also read- Foreign investors are selling sacks of shares, selling of Rs 2 lakh crore since October, understand from experts

crude oil
The war has set the prices of crude oil on fire. At the start of the war, Brent crude oil crossed the $100 per barrel rate. This was the highest level in seven years. Now on Monday, March 7, crude oil is touching the price of $140 per barrel. This is the highest level of 13 years. Crude oil has created many problems with inflation.

Along with the international market, there was a sudden rise in gold prices in the domestic market on Monday. Due to this, gold reached $ 2000.69 in the global market, which is its 18-month high. However, later it softened somewhat. Despite this, it is moving 1.5 percent higher at $ 1,998.37. Fast in the international market In the Indian market too, the futures price of gold on MCX rose 1.8 percent to Rs 53,500 per 10 grams.

Also read- Jim Rogers’ advice to new investors in the stock market, the right time to learn about the declining market

In fact, due to the uncertainty created in the financial markets around the world due to the war between Russia-Ukraine, investors are avoiding investing in risky options. That’s why they are turning to gold for a safe investment. This is the reason that during this war, investors invested heavily in gold ETFs, which further strengthened gold.

If the demand for petrol and diesel increases by 8 to 10 percent in the next financial year, then the loss will reach one lakh crore rupees in the whole year. These prices will have a direct impact on inflation. Oil prices rose from $63.4 in April 2021 to $84.67 in January 2022, an increase of about 33.5 percent. It has gone beyond $100. Now crude oil is moving towards $150. In such a situation, inflation will increase rapidly.

Import bill crosses $600
Rating agency India Ratings has said in a report that geopolitical risks arising out of the Russo-Ukraine war will push up the prices of commodities such as mineral oil and gas, gems and jewellery, edible oil and fertilisers. India’s import bill will increase mainly due to increase in the price of these things. Due to this, the import of goods in the financial year 2021-22 can cross the figure of 600 billion US dollars, which was 492.9 billion US dollars in the first 10 months of the current financial year.

Ukraine big exporter of agricultural products
Prices of precious metals like gold, platinum and palladium will increase. Ukraine is a major exporter of agricultural products. If imports stop, the prices of cereals like wheat and corn may increase. Inflation stood at R 6.01 per cent in January, the highest in 7 months.

Tags: business, Crude oil, Gold, inflation, Russia ukraine war, Share market, War


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