On April 17, 2023, the Indian stock market saw robust buying activity, leading to the Sensex gaining 505 points, or 0.65%, to close at 78,493.54. The Nifty 50 also rose by 157 points to finish at 24,353.55, marking a second consecutive week of gains for both indices. Investors collectively added approximately ₹5 lakh crore to their wealth as the market capitalization of BSE-listed companies increased from ₹461 lakh crore to nearly ₹466 lakh crore. The surge was attributed to positive global cues, including a potential resolution to the US-Iran conflict and a significant drop in crude oil prices, which fell by 3%. Sector-wise, the Nifty FMCG index surged 2.65%, while the mid and small-cap segments outperformed, with the Nifty Midcap 100 and Smallcap 100 indices rising by 1.27% and 1.48%, respectively. Analysts suggest that the Nifty 50 could face immediate resistance in the 24,430-24,450 range, with potential for further gains if this level is surpassed.