New Delhi, June 26 -- Benchmark indices Sensex and Nifty rallied close to 1% on Wednesday, buoyed by a global market uptrend following reports of a ceasefire between Iran and Israel, which helped ease geopolitical tensions in the Middle East.

Building on the momentum from the previous session, the 30-stock Sensex soared 700.40 points, or 0.85%, to close at 82,755.51. In intraday trade, it spiked as much as 760.8 points, or 0.92%, reaching 82,815.91. Likewise, the broader NSE Nifty advanced by 200.40 points, or 0.80%, to end at 25,244.75.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has improved as the Nifty 50 index has closed above 25,200.

Speaking on the outlook of Indian stock mar...