The GIFT Nifty, which reflects Indian market trends, surged over 300 points to reach 24,206, signaling a positive start after a prolonged decline. This rebound was supported by favorable global cues and optimism surrounding a temporary ceasefire between the United States and Iran. However, ongoing geopolitical uncertainties, particularly following the collapse of peace talks, may limit the market's upward momentum. The broader market structure remains positive, with potential short-covering rallies pushing the index towards the 24,300–24,500 range. The India VIX, which gauges market volatility, decreased by 8% to settle at 18.85, indicating reduced fear among investors. On the foreign front, US equities showed slight gains, with the S&P 500 nearing record levels, while oil prices fell amid expectations of eased supply constraints due to the potential reopening of the Strait of Hormuz. Additionally, foreign portfolio investors were net buyers, acquiring shares worth ₹672 crore, while the Indian rupee depreciated by 52 paise against the US dollar, settling at 93.35 due to the uncertainties in West Asia.