Stock market benchmark indices Sensex and Nifty surged in early trade on Monday, mirroring a rally in global equities.

Stock markets soar as Sensex and Nifty rise, driven by a global rally and declining oil prices following U.S.-Iran peace deal.

Stock markets soar as Sensex and Nifty rise, driven by a global rally and declining oil prices following U.S.-Iran peace deal.

The S&P BSE Sensex surged 736.38 points, or 0.97%, to settle at 76,264.33, while the NSE Nifty50 gained 231 points, or 0.98%, to close at 23,853.90. The rally was broad-based, with strong buying seen in auto, real estate, industrial and consumption-related stocks.

Stock markets rise for a second day, boosted by falling oil prices and a U.S.-Iran peace deal, enhancing investor sentiment.

Indian markets surged after the US and Iran signalled a deal to end hostilities and restore Strait of Hormuz shipping. The rebound tracked falling crude prices, though analysts said investors should remain cautious.

Indian equities rallied after signs of a US-Iran deal eased tensions and oil prices slid. The move improved the outlook for inflation, the rupee and near-term market flows.