Stock market today, April 16 -- Domestic benchmark indices Nifty 50 and BSE Sensex extended their rally to open higher on Thursday, April 16, supported by improving sentiment after hopes of a potential peace deal between the US and Iran pushed oil prices lower.

The Nifty 50 rose 0.60% to 24,375.55, while the Sensex gained 0.64% to 78,613.37 as of 9:18 IST, with all 16 major sectoral indices trading in the green. Broader markets also saw strong participation, with small-cap and mid-cap indices climbing around 1.1% each.

Asian markets mirrored the positive trend, rising about 1.2%. The rally follows Wednesday's sharp gains, when both indices advanced 1.6% to hit a one-month high after indications that US-Iran talks could resume in Pakista...