Sensex rises 200 points, Nifty above 24,600 amid US-Iran peace hopes. What lies ahead?

Sensex rose over 201 points to open at 78,782, while Nifty 50 gained 16 points to begin at 24,641. Markets got a boost from strong Q1 earnings and hopes for Middle East peace. US President Donald Trump said, "I hear they are doing very well," regarding ongoing negotiations with Iran.