India, June 15 -- Indian benchmark indices opened sharply higher on Monday, tracking a rally in global markets after the United States and Iran finalised a deal to end their 107-day war and reopen the Strait of Hormuz, easing concerns over global oil supplies.

The BSE Sensex surged 1,197.32 points, or 1.59 per cent, to 76,725.27 in opening trade, while the NSE Nifty climbed 361.95 points, or 1.53 per cent, to 23,984.85.

The upbeat opening came after US President Donald Trump announced that Washington and Tehran had finalised an agreement to end the conflict and reopen the Strait of Hormuz, a key shipping route through which nearly one-fifth of the world's oil supplies pass. The agreement is expected to be formally signed in Switzerland ...