The Indian stock market is set to open higher on Monday, following positive cues from global markets amid easing tensions in the Middle East, particularly between the US and Iran. The Nifty 50 index, which closed at 23,997.55 last week after a drop of 180.10 points, is expected to gain as investors react to strong performances in Asian markets and the US. Notably, the S&P 500 and Nasdaq reached record closing highs, with the latter gaining 222.13 points to close at 25,114.44. Market participants are advised to remain cautious, especially as the counting of votes for assembly elections in West Bengal, Tamil Nadu, Assam, Kerala, and Puducherry is underway, which could further influence market sentiment. Additionally, crude oil prices have seen a decline, with Brent crude falling to $107.73 per barrel, reflecting the impact of US initiatives to secure shipping routes in the Strait of Hormuz. Overall, the market is expected to remain volatile as traders await clearer signals.