Indian equity markets have shown resilience, with the NSE's Nifty rising 156.8 points or 0.65% to close at 24,353.55 and the BSE's Sensex gaining 504.86 points or 0.65% to end at 78,493.54. This marks the second consecutive week of gains, driven by easing tensions in West Asia and expectations of reduced oil prices. The Nifty had previously suffered a nearly 11% decline in March, its worst monthly performance since the COVID-19 pandemic, as the Indian rupee weakened significantly. Analysts suggest that while the positive momentum is likely to continue, the Nifty is nearing a crucial resistance zone of 24,300-24,500, where profit booking could occur. The Nifty Mid Cap 150 and Small Cap 250 indices also saw gains of 1.2% and 1.5%, respectively, indicating a broader market recovery. However, caution is advised as early signs of negative divergence appear on technical charts, suggesting potential short-term pullbacks. Foreign portfolio investors were net buyers of shares worth ₹683 crore, while domestic institutions sold shares worth ₹4,721 crore.