Indian stock market closes higher, positive outlook ahead

Frontline indices Sensex and Nifty 50 closed higher on Wednesday, with Sensex up by 526.01 points at 72,996.31 and Nifty 50 up by 118.95 points at 22,123.65. India's GDP growth forecast raised by Moody’s and S&P Global. Nifty Smallcap 100 outperformed, rising 0.96%, while Nifty Midcap 100 rose 0.06%. Inflows of ₹50,000 crore by DIIs in March. Market outlook positive with focus on US GDP data and RBI policy.