Mumbai: Indian stock markets closed higher on Wednesday, supported by strong global cues and optimism ahead of the US Federal Reserve’s policy decision.

Investor sentiment also improved following reports that the US President may soon finalise a trade deal with India.

The Sensex gained 368.97 points, or 0.44 per cent, to end the day at 84,977.13. The Nifty rose 117.7 points, or 0.45 per cent, to close at 26,053.9.

“The Nifty continues to encounter stiff resistance near the 26,050–26,100 zone, while support remains firm around 25,900–25,660. As long as the index holds above 25,800, the broader trend stays firmly bullish,” experts said.

“A decisive close above 26,100 could open the door for an extended rally toward 26,250–26,400, whereas a dip below 25,900 may trigger mild profit booking

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