New Delhi, April 1 -- A strong wave of buying engulfed the Indian stock market on Wednesday, April 1, lifting the benchmarks- the Sensex and the Nifty 50- more than 2% each during the session.

After a steep 11% in fall in March, the domestic market is witnessing a relief rally amid emerging signals indicating the US-Iran war will likely end in the near future. US President Donald Trump said Washington may end its military attacks on Iran within two to three weeks.

Trump's comments cheered markets globally as the West Asian war and the resulting soaring energy prices raised fears of an inflation flare-up and of growth losing steam, dealing a heavy blow to investor risk appetite.

The market is reacting to positive news flows about the US...