Stock market today, July 29 -- Indian equities staged a strong rebound on Wednesday, outperforming most Asian markets even as geopolitical tensions in the Middle East intensified and oil prices climbed sharply. The rally came at a time when investors across the region continued to exit technology and semiconductor stocks amid growing concerns that the global artificial intelligence (AI) investment boom may not generate the expected returns.

The benchmark indices rose more than 1% each, lifting investor wealth by nearly Rs.3 lakh crore. The gains were broad-based, with buying interest visible across heavyweight stocks and the broader market, even as volatility eased.

The Sensex surged 880 points, or 1.1%, to an intraday high of 77,646.09...