Snaping three-day losing streak, Indian equity benchmark -- Nifty ended higher on Monday amid ease in geopolitical tensions after Iran sends a new proposal to US, offers deal to reopen the Strait of Hormuz and end the war. Index made a positive start following positive cues from other Asian markets. Soon, index extended its gains and traded higher throughout the session as sentiment were upbeat with strong earnings by Sun Pharma, RIL and other top Nifty companies. Further, some support also came in as the Commerce and Industry Ministry stated that three-day trade talks between Indian and US officials concluded on April 23, 2026 with both sides agreeing to remain engaged to sustain the momentum. During the discussions, the two sides covered several areas, including market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment, and digital trade. Finally, Nifty ended near 24,100 mark.
