The Indian stock market experienced a significant rally on Wednesday, with the S&P BSE Sensex climbing 1,160.57 points or 1.51% to close at 78,006.06. The Nifty 50 index also saw a robust increase, jumping 355.05 points or 1.49% to 24,198.60. This surge was driven by positive global cues, particularly optimism surrounding renewed peace talks between the United States and Iran, as indicated by comments from former President Donald Trump. All sectoral indices on the National Stock Exchange (NSE) traded in the green, with notable gains in the IT, media, and real estate sectors. The market breadth was strong, with 3,555 shares advancing against 732 shares declining on the Bombay Stock Exchange (BSE). Additionally, the NSE's India VIX, a measure of market volatility, fell by 8.81% to 18.69. On the economic front, India's wholesale inflation rose to a 38-month high of 3.88% in March, primarily due to increases in crude petroleum and manufactured goods prices. Among the major gainers in the Nifty 50 were InterGlobe Aviation (up 4.74%) and Max Healthcare Institute (up 4.06%), while Dr. Reddy's Laboratories faced a decline of 1.45%.