New Delhi, April 9 -- The Indian stock market began the new financial year 2026-2027 on a strong footing, with the Nifty 50 surging more than 7% in April so far. However, despite the positive momentum following a tumultuous FY26, market volatility still remains elevated amid persistent uncertainty surrounding the US-Iran ceasefire that casts shadow over the global financial markets.

Since the onset of the US-Iran conflict, frontline indices have corrected by more than 10%, making valuations relatively attractive. The Nifty 50 is currently trading at approximately 18x earnings, reflecting a 14% discount to its long-period average (LPA) of 20.9x.

Additionally, India's valuation premium over other emerging markets has moderated to 27%, com...