Stock Market Close: Sensex Jumps 1,695 Pts, Nifty At 23,623

Indian benchmark indices rallied sharply on Friday, with the Sensex soaring 1,695 points, settling at 75,527.95 and the Nifty closing at 23,623. Investor sentiment improved amid hopes of a US-Iran peace deal that could reopen the Strait of Hormuz. Financial and realty stocks led gains, while IT shares lagged behind the broader market.