A two-week ceasefire between the United States and Iran has sparked a cautious improvement in market sentiment, resulting in a 4% rebound in stock markets. Brent crude oil prices have also dropped below $100 per barrel, marking a nearly 13% decline since April 7. Despite this positive momentum, the ceasefire remains fragile, and any breakdown could lead to renewed volatility and increased oil prices. India, heavily reliant on crude oil imports, is particularly vulnerable to energy price shocks. A sustained rise in Brent crude could widen the current account deficit, exert upward pressure on inflation and bond yields, and further weaken the Indian rupee. Although Indian equities are trading at a 20% premium compared to emerging market peers, the long-term outlook remains positive, supported by a recovering consumption pattern and a well-capitalized banking system. Experts advise investors to maintain discipline, avoid excessive concentration in individual stocks, and adhere to asset allocation plans. Emphasizing large-cap stocks can provide stability, while international diversification may help manage volatility in portfolios. Raamdeo Agrawal, chairman of Motilal Oswal Financial Services, suggests that this market correction presents a good opportunity for lump-sum investments while cautioning against excessive risk-taking.