India, June 12 -- Indian equity benchmarks staged a powerful rebound on Friday, with the Sensex closing at 75,527.95 points and the Nifty reclaiming the 23,600 mark, as easing concerns over the Iran conflict and a sharp fall in crude oil prices triggered a broad-based rally across global markets.

Sensex jumped 1,695.40 points to settle at 75,527.95, while Nifty soared 461.30 points to 23,622.90.

The rally came after US President Donald Trump claimed a diplomatic breakthrough in talks aimed at ending the Iran war, prompting investors to unwind geopolitical risk premiums. Global equities surged and oil prices fell sharply amid expectations that disruptions to energy supplies through the Strait of Hormuz could ease. Track updates on Iran-U...