On Friday, the benchmark equity indices in India, Sensex and Nifty, showed notable gains, with the Sensex rising by 493.67 points to reach 75,677.03, while the Nifty climbed to 23,787, up 132.30 points. Several factors contributed to this upward trend, including a decline in brent crude oil prices, which are currently hovering around $105 per barrel, offering some relief for crude-importing nations like India. Additionally, investors are optimistic about potential progress in ongoing peace talks between the U.S. and Iran, which has further fueled market enthusiasm. Strong buying interest was also observed in bank shares, following a report indicating that the Reserve Bank of India is not contemplating an off-cycle rate hike despite rising concerns over crude oil prices and pressure on the Indian rupee amid escalating tensions in the Middle East. Anand James, Chief Market Strategist at Geojit Investments, expressed that Nifty's successful closing above the 10-day Simple Moving Average for the first time since May 8 is encouraging, suggesting a potential breakout in the near future.