Indian stock markets closed higher on Monday as geopolitical tensions eased following reports of a potential ceasefire between Iran and the United States. The Sensex gained 787 points to settle at 74,106.85, while the Nifty surged 255 points to 22,968.25. Gold and silver also climbed sharply, with gold rising 1,469 rupees and silver gaining 3,250 rupees, reflecting safe-haven demand. Crude oil declined 141 points amid ceasefire optimism. Investors are now focused on the RBI's upcoming monetary policy meeting, with expectations of a rate pause despite persistent inflation concerns. Foreign portfolio investors remained net sellers in March, though domestic resilience in industrial activity provides some support. Technical analysts highlight 22,830 as a decisive breakout level for Nifty, with potential upside towards 23,000–23,100 if sustained above resistance.
