Indian stock markets are navigating a complex landscape as crude oil prices rise above $100 per barrel, compounded by ongoing geopolitical tensions from the Iran conflict. Analysts argue that the traditional investment strategy of 'Sell in May and go away' may not be suitable this year. Historical data indicates that the Nifty 50 has averaged a 2.3% return in May over the past decade, with a 70% positive outcome in the same period. In April, the Sensex rose 6.9% and the Nifty 50 climbed 7.5%, their best monthly performance since December 2023, following a significant decline in March. Analysts like Devarsh Vakil from HDFC Securities suggest that investors should remain selectively invested in quality stocks, as the recent market correction has improved valuations. Despite the geopolitical uncertainties and potential domestic fuel price increases, the economic indicators show strong credit growth and steady corporate earnings. Early reports indicate that about 20% of companies have met earnings expectations for Q4FY26, with forecasts for FY27 remaining largely positive. Analysts believe that while high oil prices could impact growth and inflation, domestic fundamentals continue to support market resilience.