Why the Iran-Israel war has not hit Indian markets

On Day 5 of the Middle East conflict, Israel claimed it had killed Iran's wartime chief of staff, adding to the long list of Tehran's war casualties, and threatened Ayatollah Ali Khamenei with the same fate as that of Saddam Hussein of Iraq. With no end to hostilities in sight, President Donald Trump advised Iranians to "immediately evacuate" the country's capital, and later denied having initiated talks with the Islamic Republic for a ceasefire. And yet, as concerns increased in capitals around the world, stock markets, in India and elsewhere, seemed remarkably at ease — with investors showing no signs…