New Delhi, April 20 -- The Indian stock market traded with strong gains on Monday, extending its rally for the second session, led by strong buying across most sectors. Global market cues remain mixed as investors stay cautious amid uncertainty over the US-Iran peace talks as tensions escalated during the weekend.

The BSE Sensex jumped 419.40 points, or 0.53%, to trade at 78,912.94, while the NSE Nifty 50 was up 125.20 points, or 0.51%, at 24,480.00. The benchmark index touched an intraday high of 24,480.55.

"With the de-escalation and escalation drama in the West Asian conflict continuing, the market will remain volatile in the near-term," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

He noted a significant...