Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen & Toubro and KEC International face potential project cancellations and execution delays, impacting their order books and revenue visibility.
Is Nifty set for a breakout? Analysts see signs of a shift ahead
Nifty hovered near 24,175, needing to clear 24,200 to regain strength. Analysts suggest bullish option spreads for rebounds and caution against a 23,900 break. HEG