Since the onset of the West Asia conflict on February 28, Indian equity markets have declined by approximately 4-5 percent, as investor sentiment weakened amid rising geopolitical tensions, volatile crude oil prices, and concerns over global inflation. The conflict, which began with military strikes involving Iran, the United States, and Israel, also disrupted shipping through the Strait of Hormuz, a critical global energy transit route, leading to sharp swings in energy prices.
Market Performance on Friday
Indian benchmark indices snapped their five-session winning streak on Friday as investors booked profits following the recent rally, with weakness in IT stocks weighing on sentiment. At the close of trade, the Nifty 50 fell 154.90 points, or 0.64 percent, to settle at 24,013.10, while the Sensex declined 607.08 points, or 0.78 percent, to end at 76,802.90.
Top Gainers During the Conflict
During the period from February 27 to June 18, several stocks emerged as top performers despite the challenging environment. The leading gainers include:
- HFCL Ltd – 191.39%
- Aditya Infotech Ltd – 108.03%
- Cemindia Projects Ltd – 106.98%
- Emmvee Photovoltaic Power Ltd – 70.96%
- Welspun Corp Ltd – 69.33%
- OLA Electric Mobility Ltd – 67.61%
- Adani Power Ltd – 64.56%
- Syrma SGS Technology Ltd – 63.79%
- Adani Green Energy Ltd – 59.05%
Top Losers During the Conflict
On the other hand, several stocks faced significant declines. The top losers include:
- Vedanta Ltd – 57.41%
- IDBI Bank Ltd – 27.06%
- Ashok Leyland Ltd – 24.94%
- Force Motors Ltd – 23.33%
- Indian Oil Corporation Ltd – 22.06%
- Rail Vikas Nigam Ltd – 21.74%
- Pine Labs Ltd – 21.23%
- The Ramco Cements Ltd – 21.19%
- Mahindra & Mahindra Financial Services Ltd – 20.91%
These movements reflect the impact of geopolitical uncertainties and shifting investor preferences amid the ongoing conflict.
