On May 6, 2023, the Indian stock market experienced a remarkable rally, with the Sensex rising by more than 900 points to reach an intraday high of 77,936. The Nifty 50 index also saw gains, reclaiming the 24,300 mark. This surge was largely attributed to reports indicating that the US and Iran were nearing a peace agreement to end their ongoing conflict, which has previously caused volatility in energy prices and investor sentiment. As a result, investors collectively earned about ₹6 lakh crore (approximately $720 billion USD) as the market capitalization of BSE-listed companies increased from ₹467 lakh crore to ₹473 lakh crore. Additionally, crude oil prices fell sharply by 6%, trading near $103 per barrel, easing concerns over inflation and global economic growth. The Indian rupee also appreciated by 0.7%, reaching a one-week high of 94.5975 per dollar, reflecting improved market sentiment.