Amid the hopes of de-escalation of the West Asia conflict, stock markets rallied for the second consecutive day on Wednesday. Benchmark indices Sensex and Nifty closed nearly 2 per cent higher, as crude oil prices dropped and global markets advanced.

Indian equities ended on a strong note on March 25, with Nifty closing above the 23,300 mark, supported by sustained buying interest and broad-based participation across sectors.