New Delhi, May 30 -- The domestic stock market witnessed a sharp and sudden drop in the final hour of trade on Friday, 29 May, which dragged the benchmarks, the Sensex and the Nifty 50, down by over 1% each.

Market sentiment remains cautious amid persistent uncertainty over the final contours of a potential US-Iran peace deal. While US President Donald Trump is expected to decide on a proposal to extend the ceasefire with Iran, media reports suggest that the two countries have yet to reach common ground on key issues, including the reopening of the Strait of Hormuz and Tehran's nuclear programme.

Experts say investors should avoid predicting the course of the market and focus on stock-specific opportunities.

Pankaj Pandey, the head of ...