The Indian stock market is anticipated to open on a positive note on Wednesday, following a rally in global markets, particularly after US President Donald Trump's remarks regarding a potential peace deal with Iran. The Gift Nifty was trading at around 24,285, reflecting a premium of nearly 179 points over the previous close of Nifty futures. Asian markets have also shown gains, with the US stock market reaching record highs, including the S&P 500 and Nasdaq. The optimism surrounding a US-Iran agreement has improved market sentiment. Additionally, crude oil prices have seen a decline, with Brent crude futures dropping 1.38% to $108.35 per barrel, while US West Texas Intermediate futures fell 1.47% to $100.77. This decline in oil prices has contributed to easing inflation concerns. In contrast, gold prices have risen, with spot gold increasing 1.3% to $4,617.19 per ounce, driven by a weaker dollar and lower oil prices.