India, April 8 -- The United States and Iran have agreed to a temporary two-week ceasefire, easing fears of a broader conflict in West Asia. Investors had been concerned that rising tensions could disrupt trade, delay infrastructure projects and weaken business activity across the Gulf region.

The ceasefire has also triggered a sharp decline in crude oil prices, improving sentiment toward companies with significant business exposure to West Asia. Against this, stocks in the infrastructure, engineering and export sectors are in focus as investors expect project execution and trade activity to continue without major disruption.

KEC International Ltd KEC International is a diversified EPC player under the RPG Group, mainly focused on power...