Expert view, May 23 -- Vipul Bhowar, senior director and the head of equities at Waterfield Advisors, says the peak macro panic appears to be behind us, presenting an ideal opportunity for staggered value accumulation. He expects the end of the US-Iran conflict to catalyse margin expansion in specific sectors, such as FMCG, paints, and exporters, leading to sectoral rotation rather than a uniform uplift across the market. Edited excerpts:

The end of the US-Iran war will likely spark a "relief rally" as markets hate uncertainty, and its resolution will boost sentiment.

De-escalation will lower the risk premium on Brent crude and normalise freight costs, giving the Reserve Bank of India more leeway on inflation and potential rate cuts, wh...