Mumbai/IBNS, June 25 -- The Indian stock market rallied sharply on Thursday, buoyed by positive global cues and a decline in crude oil prices as geopolitical tensions showed signs of easing, media reports said.

The benchmark BSE Sensex climbed more than 450 points in early trading, while the NSE Nifty 50 rose 0.55 percent to 24,154.50, reflecting renewed investor confidence across sectors.

Crude prices continue to retreat

Global oil prices extended their decline after a sharp fall in the previous session.

Brent crude, the international benchmark, dropped 4.3 percent on Wednesday and was trading near $73 per barrel on Thursday. Meanwhile, US West Texas Intermediate (WTI) crude slipped below the $70-per-barrel mark.

The easing in oil p...