Mumbai, March 10 || The Indian equity markets made notable gains in the early trade on Tuesday after US President Donald Trump indicated that war with Iran may be approaching an end.
As of 9.29 am, Sensex added 413 points, or 0.53 per cent, to reach 77,979 and Nifty gained 112 points, or 0.47 per cent to reach 24,140.
Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 gained 1.05 per cent, and the Nifty Smallcap 100 added 1.32 per cent.
All sectoral indices traded in green except Nifty IT as well as oil and gas, down 0.54 per cent and 0.47 per cent, respectively. Nifty auto, pharma and consumer durables were among the top gainers, up 1.47 per cent, 1.28 per cent and 1.95 per cent, respectively.
Near-term resistance for Nifty is placed between 24,200 and 24,250, while strong support is seen in the 23,900–23,950 range. Resistance for Bank Nifty is seen between 56,300 and 56,400, while support is located in the 55,700–55,800 zone, market participants said.
Trump suggested that the US–Israel conflict with Iran could end soon, triggering a decline in crude oil prices and the US dollar, helping restore risk appetite across global markets.