On Wednesday, Indian stock markets saw a remarkable rise, with the Sensex climbing over 2,600 points to a high of 77,392 and the Nifty50 gaining more than 700 points to trade above 23,850. This surge added approximately ₹12.92 lakh crore (roughly $1.56 trillion USD) to the total market capitalization of all BSE-listed companies, bringing it to ₹442 lakh crore (approximately $53 trillion USD). The rally was primarily driven by a temporary ceasefire between the United States and Iran, which eased geopolitical tensions, and a significant drop in oil prices, with Brent crude futures falling over 13% to $94.98 per barrel. The India Vix, a measure of market volatility, also decreased by over 19% to 19.90, indicating reduced market anxiety. Most sectoral indices on the National Stock Exchange (NSE) reported gains, with the Nifty Realty index leading the charge, rising by 6%. The positive sentiment extended to midcap and smallcap stocks, which also gained over 3% each. Overall, around 2,677 stocks advanced on the NSE, reflecting widespread market optimism.