On Thursday, the Indian stock market saw significant gains, with the Sensex climbing over 600 points to trade above 78,700, and the Nifty 50 gaining around 150 points to exceed 24,350. This surge added more than ₹2.5 lakh crore to the total market capitalization of companies listed on the Bombay Stock Exchange (BSE), pushing it to ₹462 lakh crore. The rally was driven by several factors, including hopes for a swift resolution to the ongoing US-Iran conflict, which has been a source of global tension. Reports indicate that officials from both countries are considering negotiations in Pakistan, which has raised optimism among investors. Additionally, oil prices have cooled down, with Brent crude futures falling below $95 per barrel, alleviating concerns about rising costs. Foreign institutional investors (FIIs) showed renewed interest, net purchasing shares worth over ₹666 crore after a period of significant sell-offs. The Indian Rupee also strengthened slightly against the US dollar, opening at 93.2750. Overall, the market's positive sentiment was mirrored in global indices, with Japan's Nikkei reaching a new all-time high. Analysts suggest that the market is pricing in an early end to the conflict in West Asia, reflecting a broader optimism in the economic outlook.