The Indian stock market closed strongly on Monday, with the Sensex gaining 1,073.61 points or 1.42%, finishing at 76,488.96. The Nifty index also performed well, rising by 312.40 points or 1.32% to surpass 24,000. This rally was largely attributed to positive global cues, particularly optimism surrounding US-Iran peace talks, which have bolstered market sentiment. Key sectors such as oil & gas, media, auto, banking, energy, and real estate all saw gains of about 1%. Overall, investors saw a significant increase in wealth, with market capitalization for BSE-listed firms climbing to nearly ₹469 lakh crore from ₹463 lakh crore. Additionally, the Indian Rupee traded positively at 95.22, benefiting from improved sentiment regarding the US-Iran conflict and lower crude oil prices. However, market participants remain cautious due to ongoing uncertainties related to the negotiations and the potential blockade of the Strait of Hormuz until a formal agreement is reached.