New Delhi, May 19 -- The Indian stock market traded higher on Tuesday, led by gains in IT stocks amid mixed global market cues. A fall in crude oil prices on hopes of a US-Iran ceasefire deal supported the bullish momentum in the equity market.

The Sensex traded 272.51 points, or 0.36%, higher at 75,587.55, while the Nifty 50 was up 74.35 points, or 0.31%, at 23,724.25. The Bank Nifty index rose 47.05 points, or 0.09%, to 53,575.90.

Infosys, Tech Mahindra, Tata Motors Passenger Vehicles, HCL Technologies and Eternal were the top gainers on the Nifty 50 index, while Kotak Mahindra Bank, Bharti Airtel, UltraTech Cement, Coal India and Tata Consumer Products were the top index losers.

On Monday, the Sensex ended 77.05 points, or 0.10%, hi...