Indian equities closed higher after a rally on Tuesday, tracking optimism over the India–EU trade pact. The Sensex jumped 320 points in the last hour to end at 81,857, while Nifty 50 rose 127 points to 25,175. Metals outperformed, led by Tata Steel, NTPC and Axis Bank, as M&M, Asian Paints and Kotak Bank dragged.