Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a muted start; Asian shares trade lower

Indian benchmarks extended their rally for a third straight session on Tuesday, with the Sensex surging over 540 points to close at 76,809 and the Nifty 50 climbing 135 points to settle at 23,989, a gain of nearly 4 percent in three sessions. GIFT Nifty traded 32 points higher at 24,025, signalling a positive opening for Wednesday, though Asian markets opened lower tracking overnight US weakness and caution ahead of the Federal Reserve policy decision under new Chair Kevin Warsh. Investor sentiment has improved on reports of a proposed US-Iran peace deal expected to be signed in Switzerland, which could reopen the Strait of Hormuz and ease global energy supply concerns, keeping crude oil near three-month lows. Stocks likely in focus include Wipro, Nykaa, Groww, GIC Re and Prime Focus.