India, June 25 -- Indian shares rose sharply on Wednesday as the fragile Iran-Israel truce took hold and balanced comments from Federal Reserve Chair Jerome Powell prompted traders to price in two Fed cuts by the end of 2025, with a first move in September far more likely than next month.
The benchmark 30-share BSE Sensex jumped 700.40 points, or 0.85 percent, to 82,755.51, with IT, media and rate-sensitive auto stocks pacing the gainers.
The broader NSE Nifty index closed up 200.40 points, or 0.80 percent, at 25,244.75 while the BSE mid-cap and small-cap indexes added 0.6 percent and 1.6 percent, respectively.
The market breadth was strong on the BSE, with 2,815 shares rising while 1,210 shares declined and 137 shares closed unchanged....