Pahalgam effect on markets: Best case – consolidation, worst case – all bets off

Experts agree that while India’s macro are relatively resilient, near-term returns will hinge on the intensity and duration of any potential military and diplomatic counter-attack in response to Pahalgam, and how much earnings can deliver against lofty valuations.Experts agree that while India’s macro are relatively resilient, near-term returns will hinge on the intensity and duration of any potential military and diplomatic counter-attack in response to Pahalgam, and how much earnings can deliver against lofty valuations.