New Delhi, April 14 -- GIFT Nifty is trading 350 points higher in late trading on Tuesday, 14 April, indicating that markets could recover all of Monday's losses when they resume normal trading on Wednesday, 15 April.

The shift in sentiment comes amid the possibility of another round of peace talks between the US and Iran, boosting risk appetite globally.

The talks, which collapsed over the weekend, are likely to resume this week, as Pakistan has reportedly said it is trying to bring the United States and Iran together for further negotiations. Negotiating teams from the US and Iran could return to Islamabad this week to resume talks aimed at ending the war, sources told Reuters.

Hopes of fresh talks ahead of the expiry of the two-week...