Mumbai, June 15 -- Indian markets reacted positively on Monday after the announcement of a preliminary peace agreement between the United States and Iran, with experts pointing to easing geopolitical risks, lower crude oil prices and a stronger Rupee.

Speaking to ANI, Nilesh Shah, Managing Director of Kotak Mahindra AMC, advised investors to remain disciplined and avoid making allocation decisions based solely on short-term market moves.

"Market will watch spread of monsoon, AI flows as well as guidance from the companies. We recommend clients to follow asset allocation Dharam and remain neutral weight to equity with overweight to mid caps," he noted.

Shah said the US-Iran peace agreement is likely to support market sentiment in the ne...