Geopolitical tensions between India and Pakistan often lead to short-term market volatility. According to Bajaj Broking, the Nifty typically sees an average 5% dip after Indo-Pak conflicts—implying a possible move from 24,167 (as on April 22) to around 23,000. However, average 3-month to 6-month returns post-event range from 7% to 19%, indicating strong medium-term recovery.