Stock market today, May 7 -- The Indian stock market opened on a positive note on Thursday, 7 May tracking strong global cues amid growing optimism over a possible resolution to the ongoing US-Iran conflict in the Middle East.

The BSE Sensex opened 380.72 points, or 0.49%, higher at 78,339.24, while the Nifty 50 gained 67.55 points, or 0.28%, to open at 24,398.50. The Bank Nifty index also advanced 132.95 points, or 0.24%, to 56,114.00 at the opening bell.

Market breadth remained firmly positive, with all 16 major sectoral indices opening in the green. Broader markets also participated in the rally, as the Nifty Smallcap 100 and Nifty Midcap 100 indices rose more than 0.5% each.

Among sectors, gains were led by Nifty Auto, Nifty Media,...