Mumbai, April 1 -- The domestic equity indices traded with major gains in early trade, tracking a global market rally amid hopes of easing Middle East tensions involving Iran. Sentiment improved after Donald Trump said the conflict could end within three weeks, while Iran signaled willingness to resolve the crisis.

The positive geopolitical cues boosted investor confidence across regions. Meanwhile, the U.S. dollar remained under pressure and Treasury prices continued to rise. Additionally, the start of a new month, quarter, financial year, and F&O series supported fresh market positioning.

The Nifty traded above the 22,900 level. All sectoral indices on the NSE traded in the green, with PSU banks, auto, and financial services stocks le...