Sensex and Nifty surge over 1% as crude prices drop and tensions ease, led by gains in L&T and IndiGo.

The BSE Sensex settled 394.50 points or 0.54% higher at 73,918.76 after touching an intraday high of 74,035.41 and Nifty 50 gained 119.10 points or 0.52% to close at 23,242.10

Indian stock markets saw gains on Wednesday. The Sensex and Nifty traded higher, led by major companies. Broader markets also showed marginal increases. Sectoral performance was…