Sensex jumps over 500 points, Nifty above 24,200 despite rising oil prices and Iran supply disruption risks

Indian stock markets traded higher on Wednesday, with Sensex and Nifty gaining ground. This rise followed a slowdown in US inflation, easing rate hike concerns. Asian Paints and Reliance Industries shares led the gains on the Sensex index. However, IT stocks like TCS and Infosys experienced a decline. The India VIX volatility measure saw a significant jump during the session.