New Delhi, April 13 -- Nikunj Saraf, CEO at Choice Wealth, says that the US-Iran conflict has tempered earnings growth expectations for FY27 to 8-9% from 13-14% pre-conflict. At the sector level, aviation is the clearest casualty - Indian airlines are expected to post net losses of Rs.170-180 billion for FY26, he said. However, he finds the market ripe for buying the dip but in a staggered manner, as the bottom might not be in place yet, according to the expert.

He also shared his philosophy on the right way to build a stock market portfolio, as holding different mutual funds doesn't guarantee diversification, according to Saraf. Edited excerpts:

The conflict forced a real rethink across the Street. The Nifty 50 and Midcap indices corre...