US-Iran thaw opens new sector playbook

Analysts point to oil-sensitive biz, W Asia-linked opportunities

- PUNEET WADHWA

The US-Iran peace deal is likely to ease stress and benefit a host of sectors back home, say analysts.

They, however, suggest that investors await the finer minutiae of the agreement before investing. At the moment, both parties — the US and Iran — could try to spin narratives due to domestic political compulsions, point out analysts at Bernstein. Some more details may only become visible in the coming weeks.

Among sectors, Bernstein expects oil-marketing companies (OMCs) to benefit from reduced crude oil prices, which dropped around 4 per cent on Monday to $83 a barrel. Aviation, travel, and Middle East and North Africa (Mena)-exposed names are other direct beneficiaries. The research and broking house has a Nifty target of 26,000 by year-end, nearly 8.3 per cent above current levels.