The BSE Sensex experienced a remarkable rise of 1,300 points, or 1.7%, over three sessions, reaching an intraday high of 79,293 on April 21, 2023. This surge is primarily fueled by optimism surrounding upcoming US-Iran peace talks, which are expected to take place in Pakistan. Analysts believe that a successful peace deal could significantly lower crude oil prices, alleviating macroeconomic pressures on the Indian economy. As a result, market experts predict that the Sensex could rise by 10% from current levels, potentially reaching 85,000. Foreign institutional investor (FII) selling has also diminished, with April's outflows amounting to ₹58,488 crore (approximately $7 billion USD), down from ₹1,25,736 crore (around $15 billion USD) in March. The positive sentiment is reflected in the Nifty 50, which has gained nearly 400 points, or 1.5%, alongside the Sensex. Analysts remain optimistic, suggesting that investors should consider buying on dips as the market reacts to developments in the US-Iran negotiations.