Mumbai:Benchmark stock indices Sensex and Nifty rose for the third consecutive day on Tuesday, propelled by a positive trend in global markets and softening crude oil prices following a peace deal between the US and Iran.

The 30-share BSE Sensex jumped 544.15 points, or 0.71 per cent, to settle at 76,808.48 following gains in IT, select energy and banking stocks. Intraday, it surged 582.41 points, or 0.76 per cent, to 76,846.74. The 50-share NSE Nifty climbed 135.25 points, or 0.57 per cent, to end at 23,989.15.

During the day, it jumped 148.7 points, or 0.62 per cent, to 24,002.60. In three straight sessions, Sensex jumped 2,975.93 points, or 4 per cent, and the Nifty climbed 827.55 points, or 3.57 per cent. Foreign investors turning net buyers in Indian equities also boosted the sentiment, according to experts.

Among the 30 Sensex firms, HCL Tech rose the most by 3.59 per cent a day after the IT major announced a Rs 1,427 crore investment in government-backed sovereign AI model developer Sarvam AI for a 10.46 per cent stake. Bajaj Finserv, NTPC, Hindustan Unilever, Tata Consultancy Services and Bajaj Finance were also among the winners. InterGlobe Aviation, UltraTech Cement, Maruti and Tata Steel were among the laggards.

"Domestic equity markets continued their recovery momentum, buoyed by growing optimism around a de-escalation in US-Iran tensions and softening crude oil prices. The rally was broad-based, with notable gains in IT, realty, FMCG, and oil & gas sectors," Vinod Nair, Head of Research, Geojit Investments Limited, said.

Broader markets also ended higher. The BSE MidCap Select index climbed 0.64 per cent and SmallCap Select index went up by 0.59 per cent. Sectorally, Realty jumped 2.27 per cent, Focused IT (1.72 per cent), IT (1.66 per cent), FMCG (1.12 per cent), Energy (1 per cent) and Oil & Gas (0.85 per cent). Metal, Commodities and Auto were among the laggards. A total of 2,368 stocks advanced, while 1,886 declined and 153 remained unchanged on the BSE.

Foreign Institutional Investors (FIIs) turned buyers on Monday, purchasing equities worth Rs 200.05 crore on net basis, according to exchange data.