Mumbai: Equity benchmark BSE Sensex rallied over 500 points in opening session on Thursday as global markets rebounded after the US offered to embrace peace with the Iranian leadership in a bid to de-escalate tensions in the Middle East.
After hitting a peak of 41,318.18, the 30-share BSE index was trading 449.56 points or 1.10 per cent higher at 41,267.30. Similarly, the broader NSE Nifty surged 134.05 points or 1.11 per cent to 12,159.40.
In the previous session, Sensex ended 51.73 points, or 0.13 per cent, down at 40,817.74, while Nifty shed 27.60 points, or 0.23 per cent, to finish at 12,025.35..
Brent crude futures rose over 0.69 per cent to USD 65.89 per barrel.
Meanwhile, the rupee appreciated 22 paise to 71.47 against the US dollar in morning session.(PTI)
