Do geopolitical tensions instigate mindless following in stock markets? An empirical enquiry into the indices of CNX Nifty HFT

Geopolitical tensions between nations play a crucial role in triggering volatility and affecting the investors’ behavior stock markets. This empirical work attempts to detect traces of herding bubble embedded Indian indices CNX Nifty 50 100 (both High-Frequency Trading domains) during latest events geopolitical escalated India-China India-Pakistan. An event window approach is employed capture impact these on information uncertainty considered indices. Multifractal Detrended Fluctuation Analysis (MFDFA) applied compute Hurst value all trading days window. The results both exhibit conclusive evidence formation overall period However, degree intensifies profound pattern when India China into deadly violent clashes, also heightened Pakistan that eventually ended up airstrikes across boundaries. level depicted by entropy within control. has been confirmed follow unidirectional pattern. AcknowledgementsThe authors express their sincere thanks gratitude Dr. Bikramaditya Ghosh (Professor, Department Finance Analytics, RV Institute Management, Bangalore, India) for his instrumental encouraging motivating them accomplish this research task. extend Manu K.S. (Assistant Professor, School business management, CHRIST (Deemed be university), continued support throughout investigation.