New Delhi, April 15 -- Indian equities caught a strong bid on Wednesday, with both the Nifty 50 and the S&P BSE Sensex rallying nearly 2%, as easing tensions in West Asia lifted investor sentiment. The mood turned distinctly risk-on amid growing signs that the conflict may be approaching a resolution.

As per reports, US President Donald Trump suggested the war is "close to over," even hinting at a second round of face-to-face talks with Iran in Pakistan in the coming days. The prospect of de-escalation has injected fresh confidence into markets that have been on edge in recent weeks.

Since the conflict broke out, both the Nifty 50 and the Sensex have slipped nearly 4%, underscoring the pressure on equities, while the India VIX has surge...