Sensex rises 500 points, Nifty above 23,750 as oil price dips on renewed US-Iran peace deal hopes

Indian stock markets surged today, with Sensex and Nifty posting significant gains driven by optimism surrounding a potential Iran-US peace deal. While banking and cement stocks led the rally, IT heavyweights saw minor declines. Broader markets experienced some weakness, but overall investor sentiment remained positive, buoyed by falling oil prices and a strengthening rupee.