The Indian stock markets traded higher in early deals today, supported by hopes of a peace deal between the United States and Iran, along with a decline in crude oil prices. Sensex rose 0.56%, or 445 points, to hit an intra-day high of 78,966, while Nifty climbed 0.48% or 118 points, to 24,483, amid buying in realty, banking, metal, consumer durables and chemical stocks. Broader markets also saw buying interest, with small-cap and mid-cap indices emerging as top gainers. The positive momentum followed reports that Iran is considering attending peace talks with the US in Pakistan, amid efforts by Islamabad to end a US blockade of Iranian ports. In global markets, Wall Street ended marginally lower, with major indices easing after logging their third consecutive weekly gains, as renewed US-Iran tensions cast doubt on the durability of a two-week ceasefire. The S&P 500 fell 16.92 points, or 0.24%, to 7,109.14, while the Nasdaq declined 64.09 points, or 0.26%, to 24,404.39. Asian markets were mixed. The Nikkei, Hang Seng and KOSPI traded up to 2% higher, while the Jakarta Composite and Shanghai Composite fell up to 1%.
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