GIFT Nifty jumps 200 pts amid renewed hopes for Iran-US peace talks. What to expect?

While Sensex and Nifty plunged on Monday, Dalal Street may see some relief rally on Wednesday when markets open, with GIFT Nifty surging nearly 200 points after reports claimed that US continues to engage with Iran to make a peace deal even as it blocked the latter’s ports after the collapse of ceasefire talks over the weekend.Iran and US have left the door open to dialogue, and a US official said there was forward motion on trying to get to an agreement, as per a report by Reuters. US President...