On Wednesday, the Indian stock market is poised for a higher opening, driven by a rally in global markets amid hopes for a US-Iran peace deal. The benchmark indices, Sensex and Nifty 50, faced a decline on Tuesday, closing at 77,017.79 and 24,032.80, respectively, primarily due to profit booking in banking and financial stocks. However, global cues are positive, with the US stock market hitting record highs; the Dow Jones rose 0.73%, while the S&P 500 and Nasdaq increased by 0.81% and 1.03%, respectively. Asian markets followed suit, with South Korea's Kospi surging 5.4%. The Indian market is expected to react positively to these developments, although concerns over elevated crude prices and geopolitical tensions remain. Additionally, the Gift Nifty indicates a gap-up start, trading around 24,306, reflecting optimism in the market. Investors are closely monitoring the situation as geopolitical dynamics continue to influence market sentiments.