-- Indian equity benchmarks moved higher on Wednesday, each gaining over 1.5%, as expectations of renewed talks between the U.S. and Iran lifted sentiment.
The BSE Sensex rose 1,263.67 points, or 1.6%, to close at 78,111.24, while the NSE Nifty 50 gained 388.65 points, or also 1.6%, to settle at 24,231.30.
Markets reacted to reports indicating that Washington and Tehran could resume discussions shortly. U.S. President Donald Trump reportedly said talks may take place in Pakistan within the next two days. The development followed an inconclusive round of talks over the weekend and helped ease investor concerns.
Crude oil prices declined further, with Brent trading near $95 per barrel, supporting market sentiment.
Among stocks, Diamond Power Infrastructure rose over 2% after receiving a letter of intent worth 454.7 million rupees from Adani Electricity Mumbai, for cable supply from May 2026 to May 2027.
Wipro gained over 3% after saying it will acquire select customer contracts of U.S.-based Alpha Net Consulting and its subsidiaries for up to $70.8 million.