The Indian equity benchmarks experienced a notable rally in afternoon trading, with the S&P BSE Sensex climbing 265.24 points (0.34%) to reach 78,254.14 and the Nifty 50 advancing 95.40 points (0.39%) to 24,292.15. This surge in investor sentiment was largely attributed to a temporary ceasefire between Israel and Lebanon, which raised hopes for renewed negotiations involving the United States and Iran. Despite the overall market gains, shares in the metal and IT sectors faced declines. The broader market showed robust performance, with the BSE 150 MidCap Index increasing by 0.93% and the BSE 250 SmallCap Index jumping 1.36%. Notably, 2,834 shares rose on the BSE against 1,350 shares that fell, indicating a strong market breadth. Among the top gainers in the Nifty 50 were Hindustan Unilever, which rose 4.76%, and Nestle India, up 2.14%. Conversely, Wipro and HDFC Life saw declines of 2.81% and 2.53%, respectively. In the global context, mixed trends were observed, with U.S. markets reaching new highs amid optimism for a resolution to the Iran conflict, while Asian markets traded lower due to cautious sentiment.