India, March 10 -- India's stock market bounced back on Tuesday, tracking a sharp pullback in global crude prices after US President Donald Trump signalled a potential end to the Iran war, offering a reprieve to a market battered by geopolitical volatility.

The 30-share S&P BSE Sensex surged as much as 960.09 points, or 1.23%, to 78,526.25 points, even as the wider Nifty 50 gained 1.14% to an intraday high of 24,303.80 points. The anticipated bounce follows a brutal trading session where domestic indices hit near one-year lows and volatility spiked to levels not seen in 21 months.

The primary catalyst for the surge is the sudden cooling of the oil market. Brent crude futures tumbled 6.6% to $92.45 a barrel, while US West Texas Intermedi...