On Monday, Brent crude oil prices fell 5.7% to $94.6 per barrel, the lowest since April 21, following US President Donald Trump's announcement of a potential peace deal with Iran. This decline lifted global risk appetite, leading to a significant rally in domestic stocks, with the Sensex increasing by 1,074 points (1.4%) and the Nifty rising by 312 points (1.3%). The rupee also appreciated by 0.5% against the dollar, closing at 95.23, although it remains down 5.6% year-to-date. Market analysts noted that the drop in oil prices has alleviated inflation concerns for import-dependent economies like India, sparking a buying wave across various sectors, particularly banking and automotive. Despite the positive market response, analysts cautioned about the potential for geopolitical tensions to disrupt this momentum. The total market capitalization of BSE-listed firms rose by ₹5.86 trillion to ₹468.7 trillion, with a strong market breadth of advancing stocks.