Bulls back on D-St! Sensex rallies over 940 pts, Nifty closes above 24,330. Here's why

Indian stock markets surged over 1% on Wednesday, with the Sensex and Nifty reversing early losses. This rebound was triggered by a report suggesting the US and Iran are nearing a deal to end their conflict, leading to a steep decline in oil prices and a broad-based market rally.