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Below the Quote on Markets 23rd April 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital 

Hope Floats Trump announced a cease-fire extension with Iran. US Tech and earnings also helped lift markets.

The Strait of Hormuz remains closed, oil prices have inched higher, and some investors are still understandably jittery. But Wall Street has mostly moved on from the conflict, treating this development as the latest sign that a peace deal will happen at some point.

The combination of improving Iran headlines, investor exhaustion over the volatility in March and a strong start to earnings season has helped to propel stocks to record highs

Once stocks reach new highs after a correction, like the one in March, the upward trend can last for some time, as corrections reset sentiment which allows stocks to climb higher.

* Nifty 24378.10

A decisive breakout and sustained movement above 24680 hurdle is required to extend the broader upward trend toward the next target of 24900 If the market breaks below 24300, it could trigger a deeper corrective move to fill the underlying gap zone down to 23860

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