Iran War: Market's Fate Hinges on US Ceasefire Proposal to Iran

• Indian markets rallied on hopes of Iran war ending, Nifty gained 800 points in two days.
• Bernstein warns Nifty could drop to 19,000 if conflict persists; US sent ceasefire proposal to Iran via Pakistan.
• US proposal includes 15 points: 11 conditions and relief offers if conditions are met.
• Key US conditions: dismantle nuclear program, cease uranium enrichment, hand over enriched uranium, dismantle nuclear facilities, allow IAEA monitoring, stop supporting proxy groups, limit missile program, ensure Strait of Hormuz security.
• If Iran accepts, sanctions could be lifted, US could assist in civilian nuclear programs; rejection could increase market fear.