The Indian stock market continued its upward trend, with the S&P BSE Sensex climbing 0.73%, or 566.32 points, to reach 78,677.60 points. The NSE Nifty 50 also saw a gain of 0.64%, nearing 24,400 points. This rally is fueled by hopes of an early resolution to the Iran conflict, which has led to a decrease in crude oil prices, now below $95 per barrel. V.K. Vijayakumar, chief investment strategist at Geojit Investments Ltd., noted that the market is optimistic about a quick end to the West Asian conflict, as indicated by the performance of US stock markets and crude prices. Lower oil prices are advantageous for India, the world's third-largest oil importer, as they help reduce the import bill and inflation pressures. In addition, foreign investors, who had been selling off shares during the conflict, purchased ₹666 crore worth of stocks on Wednesday, marking their second consecutive day of net buying. Investors are also keeping an eye on quarterly earnings reports, with companies like Wipro Ltd. and HDFC Life Insurance Co. Ltd. set to announce their results soon.