New Delhi, April 1 -- Indian stock markets started the new fiscal year on a strong note on Wednesday amid positive global cues, but lost steam later as profit-booking capped gains. Even so, investor wealth rose by Rs.9.32 trillion with the market capitalization of BSE-listed firms climbing to Rs.422 trillion.

The Nifty 50 jumped 1.56% to close at 22,679.40, while the BSE Sensex climbed 1.65% to settle at 73,134.32. Sentiment remained broadly upbeat, as geopolitical tensions eased. Comments from US President Donald Trump that the US could wrap up its military campaign against Iran within the next two to three weeks lifted sentiment.

Ashwin Patni, head of wealth management solutions at Julius Baer India, said the Nifty 50 is largely flat ...