How much can Nifty 50 rise if Middle East war resolves?

The outlook for Nifty 50 largely depends on how global geopolitical developments and crude oil prices evolve in the coming weeks. Head of research at Swastika Investmart, Santosh Meena, believes if geopolitical tensions ease and Middle East situation stabilises, Nifty could recover and potentially move back toward 25,000 to 25,400 levels. On Monday, Nifty was down 422.40 points at 24,028.05.