Stock market outlook, April 11 -- The Indian stock market witnessed strong upside last week following the announcement of a two-week ceasefire between the US and Iran. The Nifty 50 index surged from 22,713 to Rs.24,050, recording a weekly gain of 1,337 points or close to 6%. However, the majority of market experts believe that Dalal Street has entered an early phase of the next bull trend as the 50-stock index has finally broken above the crucial 23,200 and 23,800 hurdles. However, they maintained that the current rally may not be able to lift the Nifty 50 index above 25,000.

Experts believe the US-Iran truce is not a concrete, fundamental agreement, as peace talks are still ongoing, and it can go either way. The Strait of Hormuz remains...