Indian stock markets continued their upward trajectory for the second consecutive week, buoyed by easing geopolitical tensions and declining crude oil prices. The Nifty 50 index increased by 0.65%, closing at 24,354, while the BSE Sensex also rose by 0.65% to finish at 78,494. Both indices recorded over 1.2% gains for the week, following a substantial 6% rally the previous week. The decline in crude oil prices, with Brent crude hovering around $95 per barrel, further supported market optimism as India is a major oil importer. Notably, the total market capitalization of Indian equities has rebounded above the $5 trillion mark, reflecting a recovery in investor sentiment after dipping to $4.35 trillion on March 30. Analysts suggest that if upcoming peace talks yield positive outcomes, markets may continue to rise. However, caution is advised for small and mid-cap investments, with recommendations for active management focused on valuations. Sector performance was mixed, with the Nifty Energy index gaining 4.6% and the Nifty Metal index rising 4.2%, while IT stocks lagged behind. Foreign portfolio investors were net buyers, purchasing shares worth ₹683 crore on Friday, with Reliance Industries and Hindustan Unilever leading the market gains.