New Delhi, April 27 -- The Indian stock market opened higher on Monday, looking past an elevation in Brent crude prices and taking cues from gains in Asian peers, even as US-Iran peace talks came to an abrupt halt after President Donald Trump cancelled a scheduled meeting with Tehran's delegation in Pakistan.

The Nifty 50 opened 0.5 per cent higher at 24035.35 points and the BSE Sensex edged up 398 points to 77062 points. Healthy gains were seen across all sectoral indices with Nifty IT and Nifty Metal leading the gainers.

Despite a positive sentiment in the market, One97 Communications Ltd. (Paytm) fell nearly 7 per cent in early trade after the Reserve Bank of India on Friday cancelled the banking licence of Paytm Payments Bank, prohi...