New Delhi, March 23 -- US stocks saw renewed buying interest on Monday, 23 March, as investor sentiment towards risk assets improved after US President Donald Trump said he had ordered the military to postpone strikes against Iranian power plants following "productive conversations" with Tehran.

The S&P 500, which had closed the last three weeks in the negative, jumped 2.23% to hit an intraday high of 6,651, while the Dow Jones and Nasdaq-100 gained 2.5% and 2.4%, respectively, at their intraday highs. All three indices were set for their biggest single-day gains since 6 February.

Meanwhile, the Russell 2000 rose 2.9%. The small-cap index, which is sensitive to higher interest rates, had ended more than 10% below its record close of 22 ...