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Indian benchmarks logged their worst fall since March 30 as US-Iran tensions pushed crude higher, dragging global markets and reinforcing a broad risk-off trade.
Morgan Stanley maintained its Overweight rating on PNB Housing Finance and raised its target price, while broader analyst estimates indicate mid-teens upside from current levels.
GIFT Nifty pointed to a gap-down start as renewed US-Iran tensions lifted crude prices, raising concerns around inflation, import costs, and pressure on oil-sensitive stocks.
Goldman Sachs has flipped from a March downgrade to a later upgrade on India, with Nifty targets shifting as oil, earnings expectations, and flows drive sentiment.
LTIMindtree reported Q4 revenue of USD 1.22 billion and a 15.5% EBIT margin, while analysts tracked FY27 growth visibility, India tax project ramp and Randstad integration.
Analysts say US-Iran tensions, Q1 earnings and crude moves near $80 a barrel will steer Indian equities, with FII flows and domestic fundamentals offering partial support.
NMDC revised domestic iron ore prices from July 10, 2026, setting Baila lump at ₹5,450 per tonne and fines at ₹4,700, with statutory levies included.
HCLTech will announce Q1FY27 results after market hours on July 13, with its board also weighing a second interim dividend and analysts tracking revenue, margins, and guidance.
Indian equities extended losses as West Asia tensions lifted crude prices, US rate-hike fears pushed yields up, the rupee weakened, and persistent FII selling hit risk appetite.
NTPC’s board approved a Rs 2,444.39 crore equity infusion into NEEPCO for hydro and solar projects and cleared Rs 779.50 crore MSW-to-charcoal facilities in Haryana.
Avenue Supermarts (DMart) stock fell over 4% after Q1FY27 revenue growth of 15.1% missed expectations, with slower store additions and quick-commerce competition in focus.
Social media is amplifying a ₹2 trillion iPhone export figure for FY26, but reports mix 11-month data, fiscal versus calendar years, and FOB-style valuation.
US forces launched a third week’s strike on Iran after a ship attack near Hormuz, as Tehran declared the strait closed, threatening global shipping and Indian vessels.
A fresh round of US strikes, Iran’s counterattacks, and conflicting claims on Strait of Hormuz access have lifted shipping risk and revived oil-supply uncertainty.
US Central Command says shipping through the Strait of Hormuz remains open and uninterrupted, even as Iran declares closures and warns of wider regional targets.
Trump says the Strait of Hormuz is open and toll-free under a 60-day ceasefire, but Iran and shipping experts cite unclear terms, mines, and ongoing security risks.