In April 2026, India's benchmark Sensex has rebounded by over 9% after a significant decline in March, driven by optimism surrounding peace talks between the US and Iran. The Sensex crossed the 78,000 mark for the first time since March 11, while the Nifty reached around 24,250, up 1.7% in intra-day trading. Analysts believe that current market valuations are attractive, with the Nifty's one-year forward price-to-earnings ratio at 17.7x, which is about 15% lower than its long-term average of 20.9x. Sunil Singhania, founder of Abakkus Asset Manager, noted that India is well-positioned to absorb short-term shocks due to its diversified economy and strong domestic demand. However, caution is advised as the outcome of the peace talks remains uncertain. Technical analysts suggest that the Sensex may face resistance in the 78,000-78,200 range but could potentially reach 79,600-81,750 levels, indicating a possible upside of 4.8%. For the Nifty, sustaining above 24,000 could lead to targets between 24,500 and 24,800.