Mumbai, 9 January: The stock market has gained momentum on Thursday due to reports of issue between the US and Iran and signs of strengthening from foreign markets. The major sensitive index Sensex rose 500 points in early trade and the Nifty also jumped over 150 points. At 9.55 am, the Sensex was trading 368 points or 0.90 per cent higher at 41,186.17 from the previous session. At the same time, the Nifty was up 111.45 points, or 0.93 per cent, at 12,136.80.
Earlier, the 30-share Sensex based on the Bombay Stock Exchange (BSE) Sensex opened at 41,216.67 and rose to 41,318.18 from the previous session at 9 am. The Sensex had closed at 41,175.72 in the previous session.
The National Stock Exchange (NSE) Nifty, a major sensitive index based on 50 stocks, opened at 12,153.15 and rose to 12,177 from the previous session. The Nifty closed at 12,025.35 in the previous session.
The US, however, has decided to leave the path of confrontation with Iran, leading to a sharp trend in Asian markets on Thursday, as tensions in the Gulf region eased.