Israel’s TA-35 Extends Rally For Fifth Straight Session Despite Iran's Strike on Tel Aviv Stock Exchange

Tel Aviv Stock Exchange: The Iran-Israel war has entered its seventh day today, Friday, June 20! On the morning of Thursday, June 19, an Iranian missile struck the Tel Aviv Stock Exchange, inflicting damage to the 43-year-old building. While the impact immediately raised fears of a potential market crash, this didn’t deter the bulls. The benchmark index TA-35, instead, surged to a 52-week high of 2,851.38 later on the same day, extending gains for the fifth straight session. At close, the TA-35 index was at 2,834.31, up 29.03 point, or 1.03 per cent.

The Tel Aviv Stock Exchange remains closed on Fridays. From Monday to Thursday, trading happens between 12:30 PM and 7:45 PM, as per Indian Standard Time (IST). It opens again on Sunday between 12:30 PM to 6:10 PM IST.

The rally started the day Israel first bombed Iran on Friday, June 13. Between June 13 to June 19, five-day rally, the TA-35 index has climbed more than 5 per cent. Month-to-date, it has rallied 7.23 per cent, and is up by more than 18 per cent so far in 2025.

The broader Tel Aviv-125 index too climbed to its 52-week high 2,882.20 on Thursday, June 19, extending gains for the fifth straight session, during which it climbed over 6 per cent.

US-Iran Talks Underway

The United States (US) and Iran talks are underway. US President Donald Trump has set a two-week window for negotiations with Iran, delaying any potential military action on Iran’s nuclear sites. “I will make my decision whether or not to go within the next two weeks,” he said yesterday,” Trump said on Thursday, June 19, as reported by NBC News.

The US and Israel wants Iran to put a stop on its uranium enrichment activities, however, Iran is of the argument that the US first pressure Israel to end its military actions.

How Indian Stock Market Performed So far Amid Iran-Israel War

Meanwhile, back home in India, equity markets bounced back after Trump’s two-week negatiation window eased concerns of a military action by the US on Iran’s nuclear sites, which further softened crude oil prices. The Sensex closed higher by 1,046.30 points, or 1.29 per cent, at 82,408.17. Likewise, the Nifty 50 index climbed 319.15 points, or 1.29 per cent to 25,112.40.

Since Israel’s strike on Iran on June 13, the Sensex and Nifty 50 have risen 2.55% and 2.61%, respectively, from their intraday lows that day.

A positive development in the US-Iran talks could bode well for global markets, including India, potentially easing crude oil prices further.

The widely-traded Brent Crude Futures wa strading around 2 per cent lower, at the time of filing this report.