Mumbai/IBNS, May 25 -- The Indian stock market rallied sharply on Monday with the BSE Sensex and NSE Nifty surging at the opening bell, media reports said.

The rally in the domestic market came amid a sharp decline in global crude oil prices.

US crude oil prices plunged nearly 8 percent, while Brent crude fell more than 5 percent during the same period.

Oil prices also slipped amid reports suggesting progress in easing tensions around the Strait of Hormuz, a crucial global oil transit route.

Published by HT Digital Content Services with permission from India Blooms....