Nifty target 26,000: Bernstein’s Venugopal Garre lists 6 sectors to buy amid Iran war ceasefire

The de-escalation of geopolitical tensions and subsequent drop in crude oil prices directly impacts the energy sector, particularly downstream companies. Lower crude prices improve refining margins and reduce input costs for various industries.

Bullish bias for oil marketing companies (OMCs) and other crude-sensitive sectors; look for entry points on any dips, with risk managed by monitoring global crude price volatility.

For Indian markets, this story mainly matters for , IOC, INDIGO and the Financials, Oil & Gas, Aviation pocket. The current signal is bullish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Expected to rebound due to falling crude risks, potentially leading to lower inflation and better credit growth. Oil marketing company benefiting from lower crude oil prices, improving refining margins and profitability. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Bernstein set a year-end Nifty 50 target of 26,000.
• •Strategist Venugopal Garre cited the US-Iran ceasefire as an "off-ramp" from hostilities.
• •Falling crude risks are expected to support rebounds in financials, oil marketing companies, travel, chemicals, paints, and construction sectors.
• •Crude prices dropped to $95, leading to oil-sensitive stocks zooming up to 10% (Online Context).
• •Risk flag: Resumption of geopolitical tensions could reverse crude price trends.