New Delhi, June 17 -- Indian stock markets have witnessed a strong rally since April, driven by macro tailwinds and investor optimism. However, experts now advise a more measured approach going forward, citing stretched valuations, geopolitical uncertainty, and sector-specific vulnerabilities.

Seshadri Sen, Head of Research and Strategist at Emkay Global Financial Services, believes that after around a 10% surge in the Nifty 50 since April 9 - when tariff pause news lifted sentiment - the markets are likely to "pause for breath."

He noted that the valuation comfort has largely dissipated, and the ongoing Middle East conflict due to the Israel-Iran war could act as a trigger for a short-term correction.

The Israel-Iran conflict has adde...