New Delhi: Equity benchmark indices Sensex and Nifty rallied in early trade on Tuesday as reports of second round of talks between US and Iran are keeping hopes of resolution to the West Asia conflict alive.
Also, Brent crude oil prices trading below the USD 100 per barrel mark provided optimism to the markets.
From the 30-Sensex firms, Axis Bank, InterGlobe Aviation, Adani Ports, NTPC, ICICI Bank and HDFC Bank were among the major winners.
Brent crude, the global oil benchmark, traded 0.51 per cent lower at USD 94.99 per barrel.
"But if it does, crude price will again spike impacting stock markets," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
In Asian markets, South Korea's benchmark Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng index were trading higher, while Shanghai's SSE Composite index quoted lower.
US markets ended marginally lower on Monday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,059.93 crore on Monday, according to exchange data.
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