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"Syrian attack on markets would be minimal. The stock markets are valued with its future cash flows discounted to present value and unless the cash flows are dependent on such geographies, the impact on the stock market will not be significant," Shubham Agarwal, CEO & Head of Research at Quantsapp Private Limited told Moneycontrol.
"Syria is a crude oil exporter but its 34th on the rank for crude export and is not material enough to alter the crude oil price for any inter-correlation impact of the stock market with commodities," he said.
2018-04-16 07:27