Benchmark indices traded steadily in afternoon trade on Wednesday, supported by optimism surrounding the proposed US-Iran peace framework and a sharp decline in crude oil prices, which eased concerns over inflation and India’s import bill.

Sensex rises 736 points, Nifty surpasses 23,850, driven by US-Iran deal easing crude prices and boosting investor sentiment.

Indian equities surged over 1% on Monday, with the Nifty 50 and Sensex climbing significantly. Hopes of a US-Iran peace deal and easing crude oil prices prompted traders to reduce…