Stock Market Live Updates: Sensex, Nifty50 may see muted start after strong rally; oil prices up marginally

Investor wealth swelled by nearly Rs 5.99 lakh crore on Wednesday as equity markets rallied sharply after crude oil prices retreated following comments by US President Donald Trump suggesting progress in talks with Iran aimed at ending the ongoing conflict. Driven by strong buying in the final leg of trade, the 30-share BSE Sensex climbed 940.73 points, or 1.22%, to close at 77,958.52. During intraday trade, the benchmark had surged as much as 1,004.99 points, or 1.30%, to touch 78,022.78. The overall market value of firms listed on the BSE rose by Rs 5,99,107.83 crore, taking total market capitalisation to…