New Delhi, July 14 -- Key Israeli stock index TA-35 index declined nearly 1% in intraday trade on Monday, following a fresh attack by the country's military forces on Gaza and amid the possibility of renewed nuclear talks between the US and Iran.

Other stock indices, such as the TA-125 index and the TA-All Share index, also plunged amid a sharp 18% surge in volatility.

After its ceasefire with Iran, Israel has shifted its focus back to the war with Palestine. The latest Israeli strike killed at least eight Palestinians, most of them children, and wounded a dozen more in central Gaza when they went to collect water on Sunday, according to a Reuters report.

The Israeli military said the missile had been intended to hit an Islamic Jihad m...