Stock market today, Aug. 4 -- Domestic benchmark indices rallied on Monday, August 3, marking their fourth consecutive session of gains, as a sharp fall in crude oil prices lifted investor sentiment amid growing optimism over a possible peace deal between the US and Iran.

The BSE Sensex surged 544 points, or 0.70%, to close at 78,639, while the NSE Nifty 50 jumped 391 points, or 1.60%, to end the session at 24,774.30.

The market is likely to open on a subdued note as trends in the Gift Nifty index signalled a flat opening on Tuesday, 4 August. Gift Nifty was trading near the 24,628 mark, down over 21.40 points from the previous close of Nifty futures.

"Indian equity markets are expected to trade on a steady note, with improving global ...