MUMBAI: Dalal Street witnessed a major relief on Wednesday, with equity benchmarks opening sharply higher, jumping more than 3 per cent each after the announcement of a two-week ceasefire in the US-Israel-Iran conflict by both sides.
Sensex climbed as much as 3.71 per cent or 2, 775 points to 77, 392, hitting an intra-day high in early trade. Similarly, Nifty traded at 23, 938, up 3.52 per cent or 815 points, from the previous close amid buying in auto, realty, banking, IT, and metal sector stocks.
All sectors witnessed a bounce-back and traded in the green. Sector-wise, real estate, auto, banking and pharma stocks traded up to 6 per cent higher.
Category-wise, smallcap and midcap indices were the top gainers, while largecaps also traded higher. Meanwhile, India VIX declined 19 per cent.
In addition, traders and investors will track the Reserve Bank of India's MPC outcome later in the day.