Stock market today, April 16 -- Domestic benchmark indices Nifty 50 and BSE Sensex traded higher in early deals on Thursday, April 16, tracking gains in Asian markets as easing oil prices and hopes of a potential US-Iran peace deal boosted investor sentiment.

The Nifty 50 rose 0.13% to 24,263.85, while the Sensex gained 0.15% to 78,228.08 as of 11:41 IST, extending momentum after both indices hit a one-month high in the previous session.

Sentiment was supported after US President Donald Trump said Israel and Lebanon would hold talks later in the day. Additionally, reports indicated that Iran may allow ships to pass freely through the Omani side of the Strait of Hormuz as part of ongoing negotiations, easing supply concerns.

Sectorally,...