Why did stock market rally today? Nifty50 ends above 24,200; BSE Sensex rises over 1,200 points – top reasons for rise

Stock market today: Sensex and Nifty50 rallied strongly in trade on Wednesday after optimism surrounding renewed US-Iran peace talks led oil prices to drop. While Nifty50 went above 24,200, BSE Sensex rose over 1,200 points.