Mumbai/IBNS, March 25 -- The Indian stock market opened sharply higher on Wednesday, with the BSE Sensex rising over 800 points and the NSE Nifty 50 trading above 23,100, media reports said.

The broad-based rally was led by realty, metals, and media stocks. Financial and auto sectors saw significant gains, while IT stocks remained the lone laggards.

The market surge follows US President Donald Trump sending a peace plan to Iran on Tuesday, expressing optimism about ending the conflict after Tehran announced it would not block "non-hostile" oil vessels in the Strait of Hormuz.

Trump also spoke with Prime Minister Narendra Modi about the Iran conflict, which has fueled global concerns over fuel supply shortages.

Market expert Anil Singh...