India, April 1 -- India's stock market opened higher on Wednesday, mirroring gains in Asian peers, as hopes of a potential de-escalation in Iran war eased concerns over surging crude oil prices and global inflation.

The S&P BSE Sensex rose as much as 2.73%, or 1,968.98 points, to 73,916.53 even as the wider NSE Nifty 50 gained 2.71% to an intraday high of 22,937.65. All 16 major sectors logged gains at the open. The broader small-caps and mid-caps advanced 3.5% and 3.2%, respectively.

Other Asian markets surged 4.2% while Brent crude hovered around $105 a barrel on expectations of de-escalation in the Iran war.

US President Donald Trump said Washington could end its military attacks on Iran within two to three weeks, adding that Tehran...