The Indian equity markets experienced a remarkable 6% increase in the Nifty index last week, marking its strongest performance since February 2021. This surge is attributed to positive sentiments surrounding ongoing negotiations between Iran and the US aimed at resolving the ongoing conflict in the Middle East. As markets prepare to reopen on Monday, key events throughout the holiday-shortened week are expected to influence trading activity. Notably, Q4 earnings from 50 listed companies, including major players like HDFC Bank and ICICI Bank, will be released, providing critical insights into corporate performance. Additionally, foreign institutional investors (FIIs) have continued their selling trend, offloading ₹48,213 crore in April alone, while domestic institutional investors (DIIs) have shown some buying interest. The rupee's movement against the US dollar is also under scrutiny, with expectations of it approaching ₹93.50–94.00 as market conditions evolve. Overall, traders are advised to adopt a positive yet cautious stance as they navigate this dynamic market environment.