Shares of Sun Pharmaceutical, which owns a majority stake in Israel’s Taro Pharmaceutical, fell around 2%. Generic drugmaker Dr. Reddy’s and Lupin are also under investor scrutiny due to any potential impact on sector bellwether Tel Aviv-based Teva Pharmaceutical.
Besides IT majors like Tata Consultancy Services (TCS), Wipro, Tech Mahindra and Infosys, State Bank of India (SBI) and Larsen & Toubro (L&T) also have a presence in Israel.
Shares of Adani Ports, which owns Haifa Port in Israel, fell 5% on Monday to the day's low of Rs 794.15 on BSE even after the company clarified that the overall contribution of Haifa in APSEZ’s numbers is relatively small at 3% of the total cargo volume.
Data showed miner NMDC and jewelers Kalyan Jewellers and Titan also have an Israeli connection.
