On Wednesday, the Sensex, a benchmark index in India, rose by 393 points, closing at 66,473.05, primarily due to buying in energy, FMCG, and capital goods shares.
The broader Nifty index also saw gains, advancing by 121.50 points to settle at 19,811.35.
Within the Sensex, 24 out of 30 constituents ended the day in the green, with six stocks declining.
FMCG, energy, metal, pharma, and private bank shares saw increased buying activity.
However, most IT shares declined ahead of the announcement of quarterly financial results.
Wipro gained the most among Sensex stocks, rising by 3.29%, followed by Ultratech Cement, Reliance Industries, Hindustan Unilever, Nestle, NTPC, M&M, HDFC Bank, ITC, Kotak Bank, and Axis Bank.
HCL Tech experienced the most significant decline, dropping by 1.24%, with SBI, TCS, Infosys, IndusInd Bank, and Tata Steel also seeing losses.
Market sentiment remained positive due to the belief that the Middle East conflict would not significantly impact crude oil prices.
The broader market saw the BSE Midcap rising by 0.55% and the SmallCap advancing by 0.77%.