New Delhi, July 27 -- Nifty 50, the benchmark of the Indian stock market, rose almost 1% in intraday trade on Monday, 27 July, as a sharp fall in crude oil prices after the US and Iran halted their strikes supported sentiment.

The Nifty 50 climbed more than 200 points, or 0.90%, to hit an intraday high of 23,973. The BSE counterpart Sensex jumped over 700 points, or nearly 1%, to 76,768 during the session.

The market rally was not confined to the large-caps only, as the Nifty Midcap 100 and Smallcap 100 indices jumped more than 1% each during the session.

The biggest boost to market sentiment has come from a sharp fall in crude oil prices. Benchmark Brent crude crashed 7% to fall near $90 per barrel, reducing concerns over inflation an...