New Delhi, March 5 -- The Indian stock market witnessed strong buying interest on Thursday, March 5, largely due to short covering after the recent fall, which dragged the benchmark indices down by 4% in just a few days.

The Sensex jumped nearly 1,200 points, or 1.5%, to hit an intraday high of 80,304 during the session. The NSE counterpart Nifty 50, too, jumped 1.5% to the day's high of 24,854.

The market has rebounded on short covering after reports suggested that Iran has agreed to abandon its nuclear programme and made conditional offers to the US.

(This is a developing story. Please check back for fresh updates.)

Published by HT Digital Content Services with permission from MINT....