Closing Call: Sensex erases 565-point rally as crude oil surges

Sensex and Nifty ended Wednesday in the green, but the real story was what held them back. US-Iran tensions pushed brent crude above $85, erasing a 500-point morning surge driven by softer US inflation data. We break down why oil hits India harder than most, which sectors held up (banking, autos, pharma) and which didn't (IT, FMCG), and what the falling VIX is actually telling you. Plus: Nuvoco Vistas up 20% in two days, Ather Energy's big Hero MotoCorp fundraise, Patanjali Foods' 15% crash, and what Wipro's earnings tomorrow could mean for a sector already under pressure. Watch 24,000 on the Nifty, that's your line in the sand.