New Delhi, April 23 -- It has been nearly two months since the US-Iran war began, and these two months of heightened geopolitical uncertainties and elevated crude oil prices have shattered the risk appetite of investors.

The combined forces of the US and Israel attacked Iran on 28 February, dealing a blow to stock markets globally. Indian stock market benchmark Nifty 50 plunged over 11% in March.

On 2 April, the index touched its recent low of 22,182, but saw a healthy recovery after that, reacting to diplomatic efforts towards ending the war. So far in April, the index is up about 9%. Still, year-to-date, the Nifty 50 is down 7%.

While the worst in terms of war may be behind us, there are still uncertainties about the timeline of a po...