Mumbai/IBNS, April 8 -- Real estate and auto stocks rebounded sharply on Wednesday following a two-week ceasefire deal between the United States and Iran, boosting investor sentiment, media reports said.

Broad-based buying was seen across sectors, with 14 out of 16 sectoral indices trading in the green. Only IT and pharma stocks lagged behind.

The Indian stock market rallied sharply after Donald Trump announced the ceasefire agreement, easing concerns over geopolitical tensions.

Market cheers ceasefire deal

Benchmark indices posted strong gains, with the BSE Sensex soaring over 2,500 points and the Nifty 50 rising more than 800 points, aided by a sharp decline in oil prices.

RBI keeps repo rate unchanged

Meanwhile, the Reserve Bank ...