On Wednesday, India's equity indices experienced a significant boost, with the NSE Nifty rising 1.6% to close at 24,231.30 and the BSE Sensex gaining 1.6% to finish at 78,111.24. This surge was largely influenced by reports of renewed peace talks between the United States and Iran, which have raised hopes for an end to the ongoing conflict in West Asia. Investors are cautiously optimistic, especially following comments from former US President Donald Trump suggesting that peace negotiations could resume in Islamabad. However, concerns persist regarding the US blockade of Iranian ports and elevated oil prices, with Brent crude futures climbing to $96.2 a barrel. The market's recovery is notable, with both indices gaining nearly 5% since the ceasefire began on April 8. The Volatility Index (VIX), which measures market risk, dropped 8.9% to 18.7, reflecting reduced near-term risk perception. Foreign portfolio investors were net buyers of shares worth ₹666.15 crore, while domestic investors sold shares worth ₹568.98 crore. Analysts suggest that if the Nifty closes above 24,350, it could rise further towards 24,650-24,800 levels.