Buy the dip or stay cautious? War and valuations cloud market outlook

Indian equity markets have fallen approximately 7% in a single month, with mid-cap and small-cap stocks suffering steeper declines, as the US-Israel-Iran conflict and elevated valuations weigh on investor sentiment. Analysts debate whether this represents a buying opportunity or whether valuations remain too high to justify aggressive deployment. The article examines the interplay between geopolitical risk, crude oil prices, and Indian stock market dynamics.