On Wednesday, the Indian stock market closed with strong gains, as the Sensex increased by 940.73 points (1.22%) to reach 77,958.52, and the Nifty 50 rose by 298.15 points (1.24%) to close at 24,330.95. This surge was driven by optimism surrounding a potential deal between the US and Iran. However, the market is expected to face a downturn on Thursday, as indicated by trends in the Gift Nifty index, which was down slightly. Key stocks to monitor include BSE, Bharat Forge, and Bajaj Auto, which are set to announce their Q4 results. Bajaj Auto reported a standalone net profit of ₹2,746 crore, marking a 34% increase year-on-year. Paytm's parent company also saw a turnaround, posting a net profit of ₹184 crore compared to a loss of ₹540 crore last year. Meesho reduced its losses significantly, while Radico Khaitan's net profit nearly doubled, reflecting strong performance in the whisky market. Despite these positive developments, the market's overall sentiment suggests caution ahead.