US-Iran Peace Deal Sparks Market Rally, Man Industries Wins ₹1000 Cr Orders
By Sivam
Global markets rally on a US-Iran peace deal, easing oil prices and inflation. Man Industries secures ₹1,000 Cr in new orders, boosting Indian stocks.
Markets Rally on US-Iran Peace Deal
Global markets rallied significantly on Thursday after a landmark interim peace agreement between the United States and Iran. This deal, which includes reopening the critical Strait of Hormuz, led to sharply lower crude oil prices.
Easing inflation anxieties across import-dependent Asian economies, Japan’s Nikkei surged 1.70% to cross the historic 71,000 mark. Indian equity benchmarks mirrored this positive sentiment, recovering from early losses.
- The Sensex was up by 0.16% at 77277.31.
- The Nifty gained 0.21% to 24135.15.
Man Industries Secures Major Orders
In corporate news, Man Industries (India) and its Saudi Arabian subsidiary, National Pipe Company (NPC), collectively secured new orders worth approximately ₹1,000 crore.
- Man Industries received ₹300 crore in orders.
- NPC secured ₹700 crore in orders.
- These orders are slated for delivery within 6-9 months.
- The company’s consolidated unexecuted order book now stands at approximately ₹4,100 crore.
Lupin Launches New Drug; Other Corporate Updates
Pharmaceutical major Lupin saw its shares rise after launching Azilsartan Medoxomil tablets in the United States. The RLD Edarbi equivalent had estimated annual sales of $53.5 million in the U.S.
Other key corporate developments:
- Lemon Tree Hotels gained after opening a new hotel in Sri Ganganagar, expanding its Rajasthan network to 23 hotels.
- Ansal Properties & Infrastructure reported a net loss of ₹-6.30 million for Q3 2025, a significant improvement from ₹-2,119.60 million in Q3 2024. However, sales declined 96.34% to ₹71.60 million.
- Mobavenue AI Tech’s UK subsidiary secured a new international order worth approximately INR 10.02 crore.