Iran-Israel tensions likely to trigger choppy trade on Monday. What should investors do?
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Indian stock markets are expected to open gap down on Monday as Israel launched preemptive strikes on Iran on Saturday after the US and the West Asian nation failed to iron out their differences over the nuclear deal. President Donald Trump called it a "major combat operations in Iran" in a video release on social media after the strikes were launched near the offices of Supreme Leader Ayatollah Ali Khamenei. The global cues remain negative and are expected to weigh on markets, despite a positive surprise that came its way on Friday in the form of India's Q3 GDP numbers of 7.8%, reflecting broad-based strength in the economy. Kranthi Bathini, Director-Equity Strategy at WealthMills Securities said finally the inevitable happened after weeks of uncertainty. The Street was anticipating conflict blowing into war sooner or later, he said. Bathini sees a choppy trade on Monday, expecting sharp cuts that may stay over a near term....