Sensex jumps over 500 points, Nifty above 24,200 led by financials; Mideast tensions cap gains

Indian stock markets traded higher on Wednesday, with Sensex and Nifty gaining ground. This rise followed a slowdown in US inflation, easing rate hike concerns. Asian Paints and Reliance Industries shares led the gains on the Sensex index. However, IT stocks like TCS and Infosys experienced a decline. The India VIX volatility measure saw a significant jump during the session.