Sensex, Nifty Today: Equity benchmarks extended their rally for the second consecutive day on easing concerns over the West Asia conflict. Read on to know the top sectoral performers.

Sensex Jumps 1200 Points, Nifty Above 23,300 On Easing Concerns Over West Asia Conflict, Crude Prices

Sensex, Nifty Today: Domestic equities rebounded on March 25, extending gains for the second consecutive day as concerns over West Asia conflict eased after US President Donald Trump said that progress is being made towards ending the war.

The BSE Sensex started with a big gap-up, and surged as much as 1,222.35 points, or 1.65 per cent to touch its intraday high of 75,290.80. Similarly, the NSE Nifty 50 began the session with a huge gap-up, and zoomed up to 392.30 points, or 1.71 per cent, to hit the day's high of 23,304.70.

US President Donald Trump on March 14 said the US is making progress in trying to put an end to the ongoing conflict in Iran. He claimed that the US has secured what he described as a “key concession” from Tehran, though he did not shared the specifics.

A report by The New York Times said the US has sent Iran a detailed 15-point plan, laying out the pathway to end the tensions in the region.

Speaking to reporters at the White House, Trump said US officials are in touch with “the right people” in Iran. He added that Iran seems eager to reach a deal.