Gujarat Gas shares climbed 7% after Nomura upgraded the stock, with the US-Iran conflict emerging as a catalyst for the bullish thesis. Supply chain disruptions tied to the conflict are affecting fuel availability, creating a potential demand shift toward Gujarat Gas's distribution network. The Morbi region, a key industrial cluster the company serves, is highlighted as a particular beneficiary of these supply constraints. Analysts point to the prospect of volume growth and margin expansion as alternative fuel sourcing becomes more attractive for industrial buyers in the area. The mechanism is straightforward: tighter availability of competing fuel sources increases utilization of Gujarat Gas's existing pipeline infrastructure, improving unit economics without proportional cost increases. Investors will be tracking volume data from Morbi closely, alongside any resolution or escalation in US-Iran tensions that could reverse the supply dynamic. The Nomura upgrade anchors near-term sentiment, but the durability of the trade depends on how long the supply disruption persists.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
