On Tuesday, Indian equity benchmarks continued their upward trend, with the Nifty 50 index closing at 23,123.65, marking a 0.68% increase. The S&P BSE Sensex also saw significant gains, climbing 509.73 points to settle at 74,616.58. The market's recovery came after an initial dip, attributed to high volatility ahead of the weekly expiry of Nifty 50 contracts and geopolitical concerns in West Asia, particularly regarding U.S.-Iran relations. The IT sector outperformed, with major players like Wipro and Tata Consultancy Services contributing to the gains. The Nifty IT index surged 2.50%, reflecting an overall market sentiment supported by a strong rupee. Despite the positive market performance, analysts remain cautious as they await the Reserve Bank of India's monetary policy meeting, where interest rates are expected to remain unchanged. The broader market showed mixed results, with mid-cap and small-cap indices underperforming compared to the key indices. The market breadth was strong, with 2,670 shares advancing against 1,555 shares declining on the BSE.