India, March 25 -- The domestic equity benchmarks opened on a strong note in early trade, supported by positive global cues amid signs of possible de-escalation in Middle East tensions and a decline in crude oil prices below the $100 per barrel mark. However, investor sentiment remained cautious due to ongoing uncertainty surrounding the reopening of the Strait of Hormuz. The Nifty traded above the 23,200 level. Barring IT all the sectoral indices on the NSE were traded in green.

At 09:30 IST, the barometer index, the S&P BSE Sensex surged 912.99 points or 1.23% to 74,969.87. The Nifty 50 index soared 309.15 points or 1.34% to 23,220.55.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 2.17% and the...