Indian equity markets opened in the green on Friday, tracking positive global developments after US President Donald Trump said a peace deal with Iran was in the final stages.
The broader US and Asian markets also edged higher on positive global cues amid de-escalating tensions in the Middle East.
The S&P BSE Sensex surged 921 points, or around 1.90 per cent, to 74,706.43 in early trade, while the NSE Nifty 50 climbed 236.40 points, or 1.02 per cent, to 23,398.00.
Global experts, however, have raised concerns over what they describe as routine announcements by Donald Trump that tend to fluctuate global markets and oil prices.
Brent crude fell 1.59 per cent to $88.94 per barrel, while WTI crude declined 1.47 per cent to $86.42 per barrel, easing concerns over inflation and the impact of expensive energy imports on the Indian economy.
Among the top gainers, Nifty Realty emerged as the best-performing sectoral index, rising 2.35 per cent.
Nifty Media climbed 1.78 per cent, Nifty Auto advanced 1.55 per cent, while Nifty Consumer Durables gained 1.34 per cent.
Nifty Financial Services rose 1.36 per cent, Nifty Private Bank gained 1.28 per cent, and Nifty PSU Bank climbed 1.24 per cent, indicating strong buying interest across banking stocks.
The country's top airline, IndiGo, was the biggest gainer, jumping 3.59 per cent. Larsen & Toubro rose 2.77 per cent, Eternal climbed 2.40 per cent, and Bajaj Finance gained 2.19 per cent.
According to fresh market data, Nifty 100, Nifty 200 and Nifty 500 also advanced more than 1 per cent, showing widespread participation in the rally.
Also read: Rupee rises 65 paise to 95.20 against US dollar in early trade
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