Indian equity markets closed higher on Wednesday, marking their second consecutive day of gains amid easing geopolitical tensions and falling crude oil prices. The broader rally was supported by strong buying in technology and consumer stocks.

The Nifty 50 closed at 25,244.75, up 200.40 points (0.80 per cent), while the BSE Sensex ended at 82,755.51, gaining 700.40 points (0.85 per cent).

The positive momentum came as a ceasefire between Iran and Israel appeared to hold, calming investor fears over potential oil supply disruptions. The dip in crude prices further helped ease inflation concerns for India, which relies heavily on imported oil.

Leading the gains on the Sensex were Titan Company, Infosys, M&M, Bharti Airtel, Tech Mahindra, and Eternal, with increases of up to 3.5 per cent. On the downside, BEL, Kotak Mahindra Bank, and Axis Bank fell up to 3 per cent.

In the wider markets, the S&P BSE Mid-Cap index rose 0.62 per cent, while the S&P BSE Small-Cap index gained 1.58 per cent. On the NSE, the Nifty MidCap 100 advanced 0.38 per cent and the Nifty SmallCap 100 climbed 1.47 per cent.

Sectorally, the Nifty IT index led with a 1.74 per cent gain, followed by Consumer Durables, which rose 1.49 per cent. The Nifty FMCG index was up 0.73 per cent at 54,741.60, adding 1.09 per cent over two sessions.

The India VIX, the market volatility gauge, declined nearly 3 per cent, indicating improved investor confidence.