Sensex up 1,400 points, Nifty up 2%; the rally is mostly driven by optimism for a US-Iran ceasefire.
On Wednesday, the major equity indices Sensex and Nifty continued their upward trend for a second day in a row, increasing by as much as 2%. A significant drop in crude oil prices and encouraging signals from Asian markets about expectations of a de-escalation in the war in West Asia bolstered the gains. The Sensex…