New Delhi, March 31 -- April has been kind to the Nifty 50 bulls as the index has risen eight times in the last decade during the month. But the trend might not sustain this time as war clouds loom large.

Historical data from Trendlyne shows that between 2016 and 2025, barring 2021 and 2022, the 50-pack Nifty has ended the month of April in the green. The average return during this period has been 3%. Even during Covid 2020, after being severely beaten down in March (down 23%), the Indian stock market rebounded sharply and gained nearly 15%.

This time, too, the setup is similar, as the Nifty 50 has stumbled 11.3% in March, logging the worst monthly decline in six years, largely driven by geopolitical tensions around the US-Iran conflict...