The Indian equity markets showed slight gains in afternoon trading, with the S&P BSE Sensex rising by 13.98 points to reach 77,973.70 and the Nifty 50 climbing 22.30 points to 24,353.25. This uptick was supported by optimism surrounding a potential peace agreement between the U.S. and Iran, which has contributed to a decline in Brent crude prices below $100 per barrel. Investors are closely monitoring upcoming Q4 earnings reports for further market direction. Notably, Bajaj Auto's consolidated net profit surged 34% to ₹2,746.13 crore for Q4 FY26, leading to a 3.10% increase in its stock price. The broader market outperformed the main indices, with the BSE 150 MidCap Index and BSE 250 SmallCap Index rising by 0.91% and 1.01%, respectively. Overall, the market breadth was strong, with 2,307 shares advancing against 1,173 shares declining on the BSE. Investors remain optimistic as geopolitical tensions ease, impacting oil prices and the Indian rupee's strength against the dollar.