mumbai, April 9 -- Markets cheered on Wednesday as a fragile peace bloomed in West Asia, following threats of a civilizational wipeout the previous day. While the Sensex had its best day in over five years on Wednesday and the Nifty rose the most in almost a year, experts cautioned that the relief may be temporary, as Tehran has not indicated a definitive pause to its missile and drone strikes. The Nifty and the Sensex jumped 3.78% and 3.85% to close at 23,997 and 77,562, their highest gains since 12 May 2025, and 1 February 2021, respectively. During the day's session, the Nifty recovered 4.32% of its fall since 28 February, when the West Asia war broke out. Anxieties cooled, with the India volatility index plunging 20%, its steepest singl...