Adani Ports and Special Economic Zone share price

Oil shock rocks Dalal Street as the Nifty slides 10% from its January highs. Despite this, defence stocks have defied the sell-off, while banks and autos have bled. Analysts at JP Morgan have identified Adani Ports and Special Economic Zone as a potential winner, with an Overweight rating and up to 36% upside potential. This is due to the company's strong fundamentals and growth prospects. In contrast, other sectors such as banks and autos have been hit hard by the sell-off. The Nifty Defence index has jumped 2.7% in response to the tensions in the Middle East. The Sensex has fallen nearly 1,100 points, while the Nifty has ended below 24,500. However, the markets have recouped some of their losses, with the Sensex reclaiming 80,000 and the Nifty reasserting 24,700. The conflict in the Middle East has had a significant impact on the markets, with the Nifty slipping to 5-month lows and the Sensex closing at 10-month lows. The bear charge on D-Street has been driven by the escalating tensions between Israel and Iran.