New Delhi, June 17 -- The Indian stock market extended its bull run to the fourth consecutive trading session on Wednesday, as investors cheered the US-Iran peace deal and the fall in crude oil prices. The benchmark Sensex has jumped more than 3,200 points, and the Nifty 50 has rallied nearly 4% in four sessions.

The United States and Iran have agreed upon a preliminary agreement to end the war in the Middle East and reopen the Strait of Hormuz, while a final peace deal will be signed on Friday. Once formalised, the US-Iran peace deal is expected to allow Iranian oil to flow in the markets.

Crude oil prices have reacted sharply to the development, with Brent crude falling below $80 per barrel after having approached $120 per barrel duri...