US-Iran peace deal: What should be the stock market strategy? Sectors and stocks to watch out

Indian markets rallied for the fourth straight session on optimism over a preliminary US-Iran peace deal, which is expected to be formally signed on Friday. Brent crude has dropped below $80 per barrel from a peak of about $120 during the conflict, providing a significant macroeconomic tailwind for India as a major oil importer, with potential to improve the current account deficit. Emkay Global maintains a March 2027 Nifty target of 29,000 and projects FY27 EPS growth of nearly 16%, identifying OMCs, transport, cement, select banks and NBFCs, and companies with Middle East infrastructure exposure as key beneficiaries.