Nifty 50 jumps 1% as US-Iran halt strikes. Can a lasting Middle East peace push it to a record high?

Nifty 50 jumped nearly 1 percent (over 200 points) to an intraday high of 23,973, with Sensex gaining 700 points to 76,768, as US-Iran halted military strikes causing Brent crude to crash 7 percent to around $90 per barrel. The Indian rupee strengthened by 35 paise to 96.18 per dollar, while analysts cited improving FPI flows and healthy Q1FY27 earnings with mid-teens revenue growth as additional support. Midcap 100 and Smallcap 100 indices also gained over 1 percent each, though concerns over Trump tariffs, rising US bond yields, and weakening macro indicators persist.