Mumbai, March 25 (NationPress) Dalal Street commenced on a positive trajectory for the second consecutive day on Wednesday, buoyed by diminishing geopolitical tensions and optimism surrounding a resolution in the West Asia conflict. Furthermore, news indicating that Donald Trump had shared a 15-point proposal to Iran via Pakistan significantly bolstered investor sentiment.

The Sensex initiated trading approximately 600 points or 0.80 percent higher at 74,652, while the Nifty opened at 23,064, gaining 150 points or 0.66 percent.

In early trading, the 30-share index continued to build on its gains, climbing as much as 771 points or 1.04 percent to reach an intraday peak of 74,840 by 9:18 a.m. Similarly, the Nifty surged nearly 1 percent or 260 points to 23,173.05.

Most sectors reflected positive movements, with auto, real estate, and media stocks leading the charge. The Nifty Auto index rose 1.47 percent, followed closely by Nifty Realty (1.39 percent), Nifty Media (1.30 percent), and Nifty Metal (1.23 percent). Additionally, the PSU banks and financial services sectors recorded gains of over 1 percent, while the IT sector faced some pressure.

The broader market sentiment mirrored this positivity, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices advancing by approximately 1 percent each.

Experts noted that, aside from macroeconomic indicators, specific stock movements may drive targeted activity in the near future. While global influences have fostered a favorable opening, they warned that the overall market landscape remains precarious.

"For sustained growth, a significant breakthrough above critical resistance levels is essential; otherwise, the prevailing sell-on-rise sentiment is likely to continue dominating short-term market mood," analysts observed.

Investors are encouraged to adopt a disciplined and selective approach in the face of ongoing global uncertainties and increased volatility. Accumulating fundamentally robust stocks during market corrections is advisable, while new long positions should ideally be initiated only after the Nifty decisively surpasses and maintains above the 24,500 level.

On the global stage, crude oil prices experienced a notable decline amid hopes for a ceasefire. Brent crude futures plummeted 7 percent to an intraday low of $97.18 per barrel, while US WTI crude fell over 6 percent to $86.72.

Meanwhile, Wall Street indices closed lower, with the S&P 500 and Nasdaq retreating by 0.84 percent and 0.37 percent, respectively.

In contrast, Asian markets exhibited strong gains. Japan's Nikkei soared 3.26 percent, South Korea's KOSPI increased by 3.36 percent, and Hong Kong's Hang Seng rose 1.30 percent.