Mumbai/IBNS, May 27 -- The Indian stock market rallied on Wednesday morning with the BSE Sensex jumping over 400 points and the Nifty nearing the 24,000-mark in early trade, media reports said.

Though gains were later trimmed, the Sensex was still trading over 200 points higher while the Nifty remained in the green.

The rally came despite fresh tensions in West Asia after the United States launched new strikes on Iran on Tuesday.

Meanwhile, global crude oil prices declined, offering support to investor sentiment.

Brent crude for July delivery slipped 0.5 percent to USD 99.13 per barrel, while WTI crude for July settlement dropped 0.9 percent to USD 93.09 per barrel, NDTV Profit reported.

The Indian market also tracked positive moment...