Mumbai, Aug. 5 -- Japanese equities rallied sharply on Wednesday, extending gains from the previous session as positive global cues boosted investor sentiment. The Nikkei 225 Index jumped 3.66% to close at 66,300, while the broader Topix Index advanced 2.13% to 4,046.

Market sentiment was supported by strong gains on Wall Street, where the Dow Jones and S&P 500 ended at record highs. Investors were also encouraged by a sharp decline in oil prices amid growing optimism over a potential interim agreement between the US and Iran to reopen the Strait of Hormuz, easing concerns about global energy supplies.

On the domestic front, economic data showed that Japan's real wages rose for a sixth straight month in June. The data strengthened expec...