India's stock market opened higher today after US President Donald Trump postponed the bombing of Iran's power grid, allaying fears of a deeper energy shock.
The 30-share S&P BSE Sensex rose as much as 2.08%, or 1,516.08 points, to an intraday-high of 74,212.47 points even as the wider NSE Nifty 50 surged 1.71%.
All 16 major sectors logged gains at the open. The broader small-caps and mid-caps added 1.6% each.
However, Iran's Parliamentary Speaker posted on social media that no talks had been held with the US, contradicting Trump's announcement.
V.K. Vijayakumar, chief investment strategist at Geojit Investments Ltd, said the huge selling by FIIs despite the sharp correction in the market is a major drag on the stock market.
