News

Post Market Update- Markets close lower as US-Iran tension escalates

Stocks in the news-

1. Welspun Corp bagged order worth Rs. 1,400 cr for supply of pipes for oil & gas export projects.

2. NBCC secured multiple orders from Rajasthan Govt, BEL, & PFC amounting to total of Rs. 501 cr.

3. Kernex Micro gets on-board KAVACH order worth Rs. 100.5 cr from Integral Coach Factory (ICF).

Indian indices-

Indian equities ended in the red on July 14, as heightened geopolitical tensions in West Asia pushed crude oil prices upward and weighed on market sentiment. Sectoral performance remained largely weak. At close, the Sensex was down 561.46 points or 0.72% at 77,054.94, and the Nifty was down 158.95 points or 0.66% at 24,052.05.

Buzzing stocks on BSE-

1. PDS Ltd surged 6.07% to Rs. 381.75, after company signed multi-year sourcing partnership with French Retailer.

2. Plastiblends India gained 1.30% to Rs. 198.50, after the company reported 67.6% rise in net profit to Rs 14.95 crore in Q1 FY27 as compared with Q1 FY26.

3. Nuvoco Vistas Corporation jumped 8.57% to Rs. 342.75, after the company reported 20% increase in consolidated net profit to Rs 159.76 crore in Q1 FY27 as compared with Q1 FY26.

Global Signals-

Asian markets closed mixed, as rising West Asia tensions and higher crude oil prices weighed on investor sentiment across the region.

European stock markets traded lower, as investors remained cautious amid escalating West Asia tensions and concerns over rising oil prices.