Change in politics, not geopolitics: Markets to focus on US-Iran conflict as state election dust settles, says Kotak

Indian stock markets will likely ignore recent state election outcomes. Instead, investors will focus on global geopolitical risks and corporate earnings. The central government’s agenda is expected to remain largely unaffected. Geopolitical concerns, particularly the West Asia conflict and its impact on crude oil prices, are a primary focus. Corporate earnings have been decent, supporting the market.