On Thursday, Indian stock markets experienced a downturn after a notable rally, mirroring declines across Asian markets due to tensions surrounding the US-Iran ceasefire. Brokerages such as Rabobank International and Bernstein highlighted that while the ceasefire may temporarily ease inflationary pressures and oil prices, the conflict in West Asia is far from resolved. Rabobank noted that crude oil prices are currently around $94 per barrel, down from $110 per barrel earlier in the week, but warned that renewed hostilities could quickly reverse this trend. Bernstein emphasized that while there may be short-term gains across sectors affected by crude prices, significant FII (Foreign Institutional Investor) inflows are unlikely unless oil prices stabilize below $85-90. Meanwhile, deVere Group cautioned that the market's optimism might be premature, as underlying volatility in the region persists. Overall, brokerages suggest a cautious approach, with a focus on financial sectors for longer-term investments.