India, June 12 -- Sensex and Nifty surged on Friday, ending the week on a strong note after reports of a possible US-Iran peace agreement raised hopes of easing disruptions to global oil supplies and triggered a sharp decline in crude oil prices.

The BSE Sensex jumped 1,695.40 points, or 2.3%, to close at 75,527.95, while the Nifty 50 advanced 461.30 points, or 1.99%, to settle at 23,622.90.

Markets opened sharply higher, with the Sensex gaining more than 900 points and the Nifty rising over 250 points in early trade, before extending gains through the session. Track live updates on the war

Investor sentiment improved after US President Donald Trump said there had been a progress in talks aimed at ending the war on Iran.

A draft agree...