Stock Market Sell-Off: Here's a list of stocks impacted due to the Iran war
Published on 02/03/2026 09:36 AM
From ONGC and Oil India to IndiGo, rice exporters and defence stocks, here is a list of names that have been impacted due to the ongoing war in Iran.Indian equity markets have seen sharp cuts at the start of trade after the Iran conflict escalated over the weekend and the situation has deteriorated over the weekend across the entire gulf region. The initial minutes of trade has led to an erosion of over ₹8 lakh crore in investor wealth. Here's a list of stocks impacted due to the ongoing conflict.Larsen & Toubro | India's largest infrastructure conglomerate is down over 4% in early trading on Monday as it has a significant exposure to the Middle East. Nearly 35% of its overall order book comes from West Asia.VA Tech Wabag | The stock is also trading with losses of 4% as it has ongoing projects in the Middle East, particularly in Saudi Arabia.Kalpataru Projects | 11% of its overall order book is exposed to the Middle East for the first nine months of the financial year. The company is also the lowest bidder for large projects in the region. The stock is down over 3% on Monday.ONGC, Oil India | The resultant rise in oil prices due to the ongoing war in West Asia is beneficial for stocks like ONGC and Oil India. Both these stocks are trading with gains between 3% to 4%.LT Foods, KRBL | Both these rice companies are down between 3% to 4% as worries have risen over rice exports to the region. KRBL gets nearly 61% of its basmati rice export revenue from the Middle East and the GCC region, while 9% of LT Foods' revenue in financial year 2025 came from exports to the Middle East.IndiGo | India's largest airline is also trading with losses of close to 5% after Iran's retaliation has hit regions of Dubai, Abu Dhabi and Doha, which are important transit hubs for the aviation sector. Not just that, Dubai is also an important tourist hub for Indian travelers as well.Defence Stocks | India's Defence stocks, Paras Defence, IdeaForge, have surged up to 10% in trade on Monday as Defence stocks generally react positively to such conflicts as it increases the demand for the defence equipment and the components required to manufacture them. Shares of Bharat Dynamics and Data Patterns are also trading with gains between 3% to 4%.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.