Stock markets rebound in early trade as oil prices decline amid progress in US-Iran negotiations

MUMBAI: (May 6) Stock market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday following a drop in crude oil prices after US President Donald Trump claimed progress in negotiations with Iran toward an agreement to end the war.

A positive trend in global markets also aided the rally in domestic stocks.

The 30-share BSE Sensex jumped 657.22 points to 77,675.01 in early trade. The 50-share NSE Nifty rallied 218 points to 24,250.85.