Mumbai, April 27 -- Domestic equity benchmarks snapped a three-day losing streak on Monday, ending sharply higher as sentiment improved on easing geopolitical concerns and steady Q4 earnings updates. Reports that Iran had proposed a plan to the United States to reopen the Strait of Hormuz helped calm fears of supply disruptions, lifting global cues and investor confidence. The Nifty 50 settled above the 24,050 mark, led by gains in pharma and consumer durables stocks, while all sectoral indices on the NSE closed in the green.

The S&P BSE Sensex jumped 639.42 points or 0.63% to 77,303.63. The Nifty 50 index advanced 194.75 points or 0.81% to 24,092.70. In the previous three sessions, the Sensex and Nifty declined 3.29% and 2.76%, respecti...