Stock market news, June 12 -- Indian equity markets opened sharply higher on Friday, mirroring gains across Asian markets after easing geopolitical tensions in the Middle East boosted investor sentiment. The rally came after US President Donald Trump called off planned military strikes against Iran, citing progress in ongoing diplomatic negotiations.

At 9:15 IST, the benchmark Nifty 50 advanced 1.08% to 23,412.55, while the BSE Sensex gained 1.19% to 74,709.27.

The positive sentiment was broad-based, with all 16 major sectoral indices trading in the green. Broader markets also participated in the rally, with the Nifty Midcap and Smallcap indices rising 1.3% and 1.4%, respectively.

Global markets were buoyed by a sharp decline in crude ...