The GIFT Nifty experienced a notable increase of nearly 200 points, reaching 24,069.50 amid renewed hopes for peace talks between the US and Iran. Reports indicate that the US is continuing dialogue with Iran, despite blocking its ports following failed ceasefire negotiations. US President Donald Trump mentioned that Iran is eager to negotiate, with the primary issue being Iran's nuclear ambitions. The positive sentiment from these developments contributed to a rally in global markets, with Wall Street indices such as the S&P 500 and Nasdaq Composite gaining over 1%. Oil prices also fell below $100 per barrel, with Brent crude futures trading at $97.5 and WTI crude at $97. Despite the Indian stock markets being closed on April 14 for Dr. Baba Saheb Ambedkar Jayanti, analysts expect selective buying interest as the Q4 earnings season begins. However, overall risk appetite remains cautious due to ongoing geopolitical tensions, which could impact future earnings.