New Delhi, May 25 -- The Indian stock market traded with strong gains on Monday, with benchmark indices Sensex and Nifty 50 surging over 1% each, tracking a rally in global markets. Improved investor sentiment, driven by optimism over potential US-Iran peace talks and a sharp decline in crude oil prices, supported the upmove.

The BSE Sensex jumped 1,076.39 points, or 1.43%, to 76,491.74, while the NSE Nifty 50 surged 313.00 points, or 1.32%, to 24,032.30. Meanwhile, the Bank Nifty index rallied 1,182.80 points, or 2.19%, to 55,238.15.

The benchmark Nifty 50 decisively moved above its broader range-bound structure, signalling an improvement in near-term sentiment. Although the index touched an intraday high of 24,036.80 so far, it will b...