<p>The Indian stock markets, amid the easing <a href="https://www.mid-day.com/news/world-news/article/us-israel-attack-iran-mea-s-jaishankar-discusses-west-asia-conflict-with-australian-and-israeli-counterparts-23625721" rel="nofollow">West Asia conflict</a>, opened sharply higher on Wednesday. Market indices experienced a strong rally during the opening hours on April 15.</p>
<p>Nifty and Sensex gained 1.4 and 1.5 per cent respectively, thanks to the global sentiment getting a big boost from signs of progress in US-Iran talks.</p>
<h2>Nifty and Sensex open in green</h2>
<p>The Nifty 50 index rose 1.4 per cent to 24,178.50 points in early trade on Wednesday. Whereas the BSE Sensex index also jumped 1.5 per cent or 1,112.44 points to 77,945.15 points.</p>
<p>Furthermore, all sectoral indices were in the green, with the Nifty IT Index as the biggest gainer during the session, rising 2.6 per cent to 31,459.00 points.</p>
<h2>Global markets also experience gains amid easing global tensions</h2>
<p>Along with the Indian indices gaining sharply, global cues were strong overnight. The <a href="https://www.mid-day.com/business/business-news/article/stock-market-updates-sensex-crashes-over-1-400-points-nifty-drops-by-407-points--23625473" rel="nofollow">Nasdaq </a>climbed 2 per cent, while the S&amp;P 500 finished up 1 per cent and near its record closing high, helped by hopes of a Middle East resolution and fresh US bank earnings and inflation data.</p>
<p>Asian shares opened higher on Wednesday, tracking Wall Street's gains. Indian stock futures also pointed to continued positive momentum.</p>
<h2>Expert opinion</h2>
<p>Market expert Ajay Bagga said investors are running on "geopolitics and vibes" right now. "Markets are currently operating on a diet of 'geopolitics and vibes', where optimism about a second round of peace talks is single-handedly offsetting the friction of a naval blockade", he said. Both WTI and Brent fell after US President Trump signalled the war is "close to over", as per ANI.&nbsp;</p>
<p>Bagga further noted, "The <a href="https://www.mid-day.com/news/world-news/article/us-israel-attack-iran-us-military-to-remain-deployed-around-iran-until-real-agreement-says-trump-23624876" rel="nofollow">US military</a> naval blockade of Iranian ports is active," Bagga noted. "While a two-week ceasefire is technically holding, the Strait of Hormuz remains a primary risk factor for global energy security," as per ANI.&nbsp;</p>
<p>Experts also asserted, &ldquo;The market is betting on a Trump-brokered peace. If the second round of talks in Pakistan or Geneva materialises, expect oil to test the USD 90 support level. If they stall, the Hormuz blockade will once again take centre stage."&nbsp;</p>
<h2>PM Modi and Trump's conversation impacted market on a positive note</h2>
<p>A high-level call between PM Modi and President Trump on Tuesday also added to the positive mood. Both leaders stressed the absolute necessity of keeping the Strait of Hormuz open for global trade, as per ANI.</p>

Sensex and Nifty rallied sharply as easing West Asia tensions and hopes of US-Iran talks boosted sentiment. Strong global cues and IT stocks led gains

Stock market updates: Nifty and Sensex rise sharply amid easing geopolitical tensions

West Asia tensions: Gold holds firm while silver gains on strong buying interest

Indian stock markets surged on Wednesday, with Sensex rising over 1,100 points and Nifty crossing 24,000, driven by easing West Asia tensions and optimism over US-Iran talks. Strong global cues and IT stocks further boosted investor sentiment

Sensex jumps over 1,100 points, Nifty crosses 24,000 mark amid easing global tensions

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Home / Business / Business News / Article / Sensex jumps over 1,100 points, Nifty crosses 24,000 mark amid easing global tensions