Sensex, Nifty Close Notably Higher On Strong Earnings, U.S.-Iran Peace Deal Hopes

After opening on a bright note, Indian stocks gradually shed ground and slipped into negative territory around early afternoon on Wednesday but recovered swiftly and gained in strength as the day progressed to eventually end the session with strong gains.

Slightly lower oil prices, the rupee’s recovery against the U.S. dollar, and optimism over a potential U.S.-Iran peace deal contributed to market’s rise.