New Delhi, June 12 -- The Indian stock market traded with strong gains on Friday, following upbeat cues from global markets, on hopes of a US-Iran peace deal and an end to the war in West Asia. The benchmark indices, Sensex and Nifty 50, jumped over 1% each, led by buying across the board.

The BSE Sensex jumped 887.19 points, or 1.20%, to 74,719.74, while the NSE Nifty 50 traded at 23,396.15, up by 234.55 points, or 1.01%. The Bank Nifty index was up 716.35 points, or 1.30%, at 55,880.15.

Broader markets supported the rally, with the Nifty Midcap 100 and the Nifty Smallcap 100 indices surging 1.5% each.

All the sectoral indices traded higher, led by Nifty Auto, Nifty Realty, Nifty Private Banks, Nifty PSU Bank and Nifty Metals gaining ...