🌍 Gulf Tensions: Which Sectors are Heavily Exposed after War?

Middle East volatility doesn’t just shake crude , it subtly tests Indian corporates with GCC linkages. Larsen & Toubro Limited sits at the top in market cap among this lot, with a sizable Middle East order pipeline in construction and energy projects. Titan Company Limited follows, backed by strong jewellery retail presence and gold demand sensitivity in the UAE/GCC. Further down, DLF Limited benefits from premium NRI flows from the Gulf, while Kalyan Jewellers India Limited derives meaningful revenues from its Middle East stores. In risk-off phases, these global linkages can amplify sentiment swings, but structurally, GCC capital and consumption remain long-term tailwinds.