The Indian stock market witnessed a strong rally on Wednesday, with the benchmark indices Sensex and Nifty closing significantly higher.

The Sensex jumped by 609.45 points or 0.79%, to settle at 77,496.36 while the broader Nifty index rose by 181.95 points or 0.76%, ending at 24,177.65. The rally was largely driven by buying in blue-chip stocks and positive cues from Asian markets after a lackluster performance in the previous session and foreign outflows from Indian equities.