Search+Investment IdeasSynopsisThe conditions that created the worst 18 months for small-caps are starting to ease. The US-Iran war is moving towards settlement. Crude prices are pulling back from the levels that did the damage. Foreign flows are not as relentlessly negative. None of this marks a complete recovery. But it is the moment when small-caps catch the eye of a particular kind of investor.For the better part of this year, the conversation in the market has been about one external risk: The US-Israel-Iran war. There were questions galore: Would the war escalate? Would it draw in more participants? What would it do to crude prices? What would crude prices then do to inflation, to currency, to corporate margins, and to the appetite of foreign investors who had been steadily reducing their India exposure regardless? Every week ETMarkets.com 14 mins readJun 17, 2026, 02:18:00 PM ISTGift this Story to your friendsFONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENTContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories & personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions & in-depth stock reportsSubscribe NowETUh-oh! This is an exclusive story available for selected readers only.Worry not. You’re just a step away.What’s Included withETPrime Membership