Mumbai/IBNS, June 16 -- The Indian stock market rallied on Tuesday, extending gains for the third consecutive session, as investor sentiment remained buoyant following the ceasefire agreement between the United States and Iran, according to media reports.

The benchmark indices have surged nearly 3 percent over the previous two trading sessions, with investors welcoming the easing of geopolitical tensions in West Asia after the ceasefire announcement made by US President Donald Trump on Sunday (local time).

Financials, FMCG Lead Gains

Financial and FMCG stocks emerged as the primary drivers of the rally, signalling growing investor confidence and expectations of improved market stability.

Market participants believe the ceasefire could...