Sensex jumps 299 points, Nifty closes near 23,450 as oil dips below $99/barrel. What can trigger the next sharp rally on D-Street?

The Indian stock market closed positively on Wednesday, with Sensex climbing over 299 points to stand at 74,828, and Nifty gaining roughly 118 points to reach 23,447. Broader market indices also performed well, with Nifty Midcap 100 and Smallcap 100 showing increases of up to 0.9%. Major sectors like metal and FMCG had significant upticks, while IT stocks underperformed.
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