At 2:11 pm, the Sensex was up 649.50 points, or 0.87%, at 74,944.46, while the Nifty rose 109.20 points, or 0.47%, to 23,455.60. Both indices were trading above their opening levels of 74,535.18 and 23,330.20, respectively.

The BSE Sensex opened at 74,535.18 and was trading at 74,733.96 at 9:37 am, up 439 points or 0.59% from the previous close. The Nifty 50 opened at 23,330.20 and was at 23,393.10, gaining 46.70 points or 0.20%

The Sensex closed 564.03 points, or 0.76%, higher at 74,858.99, while the Nifty 50 rose 67.90 points, or 0.29%, to 23,414.30. The Sensex opened at 74,535.18, while the Nifty opened at 23,330.20.

Indian markets are set for a cautious opening as crude oil prices, Iran-US tensions and the NSE IPO remain in focus. Elevated oil, persistent foreign outflows and geopolitical uncertainty are keeping sentiment watchful after six weekly declines.