Closing Bell: Sensex climbs 700 points, Nifty settles at 25,245; small-cap shares continue upward trend for 4th straight day

The Indian equity markets prolonged their upward momentum for the second day in a row on Wednesday, supported by widespread buying across various sectors, particularly in IT, automobile, and FMCG segments. Market optimism was lifted by the decline in crude oil prices and encouraging global signals, following a de-escalation in geopolitical risks. The India VIX an indicator of market nervousness fell 4.9% to 12.97, reflecting improved investor confidence after the tentative truce between Israel and Iran. The BSE Sensex concluded at 82,755.51, gaining 700.4 points or 0.85%, while the NSE Nifty50 wrapped up at 25,244.75, rising 200.40 points or 0.8%. Among the broader indices, the Nifty MidCap index ended up by 0.44%, and the Nifty SmallCap index advanced 1.5%, marking the fourth consecutive session of gains for small-cap counters. "Market sentiment received a boost from the preliminary ceasefire between Israel and Iran, which reduced concerns over regional conflict and contributed to softer crude oil prices. Disclaimer: This is not investment advice. The information is provided solely for informational purposes. Please consult a financial advisor before making any investment decision.