Indian equity benchmarks rallied for the third consecutive session, with the Nifty closing just shy of 24,000 and the Sensex surging over 544 points, as the US-Iran ceasefire agreement continued to boost global risk sentiment and crude oil prices fell further [citation:1][citation:4]. ✅ Positives: IT, Realty, and Media stocks led the rally [citation:7]. Nifty Realty gained 2.26%, while Nifty IT rose 1.78% [citation:7]. The India VIX declined 6.89% to 13.36, indicating reduced fear in the market [citation:7]. The rupee strengthened further to 94.45 on falling oil prices [citation:9]. FII flows are showing signs of turning positive over the last two trading days [citation:6]. In the three consecutive trading sessions, the Sensex and Nifty have rallied 4.03% and 3.57%, respectively [citation:2]. ⚠️ Negatives: The Nifty touched an intraday high of 24,000 but pared some gains before the close [citation:2]. Metal, healthcare, and pharma sectors ended in the red [citation:7]. The formal signing of the peace deal is scheduled for June 19, and any setbacks could trigger a reversal in market gains [citation:1]. 🎯 What's next: The Nifty closed Tuesday at 23,989.15. Immediate support stands at 23,800, with resistance at 24,000. All eyes are on the US Fed policy meeting (June 16-17) for rate path cues and the formal signing of the US-Iran peace deal on June 19. The sharp correction in crude oil prices below $82 is a significant positive for India's macroeconomic stability [citation:6]. FII flows turning positive is a key development to monitor [citation:6].