Stocks to Watch Amid Escalating Israel-Iran Tensions

By Vivek Dubey

CNBC-TV18.com

Published Apr 15, 2024

Nifty this week experienced volatility amid concerns about rising US inflation, delay in interest rate cuts, and heightened Israel-Iran tensions.

Analysts anticipate panic selling and increased volatility in global stock markets if tensions escalate further.

These are few stocks in focus due to escalating Israel-Iran tensions:

Adani Ports

Ownership of Haifa port in Israel makes it a potential target in conflict escalation.

Sun Pharma

Impact on Israeli subsidiary Taro's production if staff called for active duty.

OMC Stocks

Higher crude prices may pressure OMCs like HPCL, IOCL, and BPCL due to increased import costs.

Paint Stocks

Crude oil price surge affects paint manufacturers' margins; stocks like Akzo Nobel India, Berger Paints may suffer.

Tyre Stocks

Tyre industry relies on crude oil derivatives; stocks like MRF, CEAT, Apollo Tyres may face margin pressures.

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