Amidst the ongoing geopolitical tensions arising from the Israel-Iran war, several Indian stocks are expected to remain in focus. These include State Bank of India (SBI), Nestle India, Adani Enterprises, and Vodafone Idea. Investors are closely monitoring these companies due to their potential exposure to the conflict's impact on various sectors.
State Bank of India (SBI)
SBI, being a major player in the Indian banking sector with international operations, is under scrutiny due to its links with Israel. The bank's international operations, particularly in trade finance and cross-border banking, may face disruptions because of potential payment uncertainties or financial restrictions in the region. However, a recent SBI report suggests that crude oil prices are likely to stabilize around USD 65 per barrel following a ceasefire between Iran and Israel, which could ease some pressure on the Indian economy. The report outlined three potential conflict scenarios and their impact on crude oil prices, with the de-escalation scenario leading to market calming and price reduction.
On June 26, 2025, technical analysis suggested a positive outlook for SBI shares. One analysis recommended SBI as a stock to buy, noting that a strong bullish candlestick and surge in trading volume signaled robust momentum.
Nestle India
Nestle India, a prominent FMCG company, is also being watched. In times of geopolitical uncertainty, defensive sectors like FMCG tend to exhibit resilience. During the escalating conflict, investors looked for safer investment options, with Nestle India showing a 1.47% increase. Although not directly impacted by the Israel-Iran conflict, Nestle's stock is influenced by broader market sentiment and the tendency to move towards stable assets during turbulent times.
Adani Enterprises
The Adani Group has significant investments in Israel, notably the Haifa Port, where Adani Ports holds a 70% stake acquired in 2023 for $1.2 billion in partnership with Israel's Gadot Group. Earlier concerns arose when tensions between Iran and Israel sparked fears that Haifa Port could be targeted. However, the Adani Group clarified that there was no damage to port operations, which helped to ease some investor concerns. Adani group stocks, including Adani Enterprises, Adani Green Energy, and Adani Ports & Special Economic Zone, were up to 5% mirroring positive sentiment in the Indian stock market. Gautam Adani's announcement of plans to invest between $15 billion and $20 billion annually across various businesses over the next five years further boosted investor optimism.
Despite these assurances, some analysts remain watchful, especially after Maersk's temporary halt of vessel calls at Haifa Port due to escalating tensions. The Haifa port is a critical hub for Israel's seaborne trade, handling around 20 million tonnes of cargo annually.
Vodafone Idea
Vodafone Idea remains in focus due to its ongoing financial challenges and reported government relief regarding its adjusted gross revenue (AGR) dues. The telecom sector, in general, experienced a rally following the Israel-Iran ceasefire, reflecting improved investor sentiment and better-than-expected Q4 FY25 results for several telecom companies. Vodafone Idea stated that it has not received any official communication from the government concerning the reported relief related to its adjusted gross revenue (AGR) dues amounting to approximately ₹84,000 crore.
Overall, the Indian stock market has shown resilience amid the Israel-Iran conflict, with the Nifty 50 index managing to end above 25,200. Experts suggest that 25,000 and 25,100 will act as key support zones, maintaining a bullish sentiment above these levels. Investors are advised to monitor global cues, crude oil prices, and geopolitical developments closely.
