Mumbai, June 12 -- The benchmark indices surged on Friday amid easing US-Iran tensions and hopes of a peace deal. Investor sentiment improved after Brent crude fell to $87 per barrel mark. Buying was broad-based, with all major sectoral indices ending in the green. Private banks and financial stocks rallied, helping the Nifty close above 23,600.

The S&P BSE Sensex jumped 1,695.40 points or 2.30% to 75,527.95. The Nifty 50 index soared 461.30 points or 1.99% to 23,622.90.

Larsen & Toubro (up 4.87%), HDFC Bank (up 3.67%) and Reliance Industries (up 2.64%) boosted the Nifty today.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index surged 2.37% and the BSE 250 SmallCap Index climbed 2.60%.

The market breadth w...