<a href="https://www.mid-day.com/business/stock-market/article/stock-market-updates-sensex-nifty-rise-as-hopes-of-iran-deal-ease-global-tensions-23631157?text-shots" rel="nofollow">Indian equity markets traded higher</a> on Thursday in early deals amid hopes of easing tensions in West Asia after Iran said it was reviewing latest proposal to end the conflict.&nbsp;
In the morning trade, Sensex jumped as much as 0.83 per cent or 627 points to hit an intraday high of 75,945, while Nifty traded 0.84 per cent or 200 points higher at 23,859.
On the sectoral front, realty stocks led the gains, with the Nifty Realty index rising 1.5 per cent. Nifty Cement advanced 1 per cent, while chemicals, auto and media indices also traded higher. PSU Bank and metal stocks too remained in positive territory during the session, with all sectoral indices trading in the green.
Meanwhile, from the 50-share benchmark pack, Infosys, Nestle India, Trent, SBI Life Insurance, Sun Pharma, Tata Consumer Products and ONGC were among the top laggards.
Category-wise, smallcap and midcap shares outperformed the benchmarks in early trade. The Nifty Microcap 250 climbed over 1 per cent, while the<a href="https://www.mid-day.com/business/stock-market/article/stock-market-updates-sensex-nifty-trade-higher-amid-buying-in-pharma-banking-stocks-23630385" rel="nofollow"> Nifty Smallcap 500 and Nifty Midcap 150 indices gained</a> up to 1 per cent.
Meanwhile, India VIX declined over 4 per cent to around 18, signalling easing volatility.
Analysts said the recent momentum suggests investors are continuing to adopt a &ldquo;buy on dips&rdquo; strategy, supported by easing volatility and improving sentiment around foreign fund flows.
According to market experts, concerns over elevated valuations in AI-linked stocks in South Korean and Taiwanese markets could potentially divert foreign investor interest towards India, where valuations are seen as relatively fair in several pockets.
They added that the trajectory of crude oil prices and rupee stability would remain key factors driving near-term market direction.
Experts further noted that while fourth-quarter earnings have remained largely healthy so far, the impact of higher energy prices may become visible from the first quarter of FY27.
Moreover, market sentiment improved after <a href="https://www.mid-day.com/news/world-news/article/west-asia-war-tehran-studies-us-response-to-peace-plan-insists-focus-is-ending-war-23628727" rel="nofollow">Iran said it was reviewing Washington&rsquo;s latest proposal </a>to end the conflict, raising hopes of easing geopolitical tensions in West Asia.
The remarks came after US President Donald Trump indicated that Washington was willing to wait a few days for Tehran&rsquo;s response, while also warning of renewed attacks if negotiations failed.
In the commodities market, international benchmark Brent crude rose 1.32 per cent to USD 106.41 per barrel, while US WTI crude jumped nearly 2 per cent to USD 100.11 per barrel.
Global market sentiment also remained positive. Asian stocks traded in the green, with Japan&rsquo;s Nikkei rising over 3 per cent, South Korea&rsquo;s KOSPI surging more than 7 per cent, and Hong Kong&rsquo;s Hang Seng trading marginally higher.
In the US, Wall Street ended on a bullish note, with the S&amp;P 500 closing 1 per cent higher and the Nasdaq settling 1.54 per cent up.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

Stock market updates: Indian markets traded higher, with Sensex rising over 600 points and Nifty gaining more than 200 points in early trade

Stock market updates: Sensex, Nifty surge as investors cheer easing geopolitical tensions

Sensex, Nifty edge slightly higher on optimism over US-Iran peace talks

Indian markets traded higher, with Sensex rising over 600 points and Nifty gaining more than 200 points in early trade, driven by easing geopolitical tensions in West Asia after Iran indicated it was reviewing a US peace proposal

Sensex, Nifty surge as investors cheer easing geopolitical tensions

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