Mumbai, April 22 -- Stock markets advanced for the third consecutive day on Tuesday, with Sensex jumping by 753 points and broader Nifty closing above 24,550 following a drop in crude oil prices and hopes for progress on peace talks between Iran and the US. The 30-share BSE Sensex jumped 753.03 points or 0.96% to settle at 79,273.33. During the day, it surged 846.78 points or 1.07% to 79,367.08. The 50-share National Stock Exchange (NSE) Nifty climbed 211.75 points or 0.87% to end at 24,576.60. Among the 30-Sensex firms, Trent rose the most by 3.55%. Hindustan Unilever, ICICI Bank, Bajaj Finance, HDFC Bank and Axis Bank were the major winners. Bharat Electronics, Titan, Reliance Industries and NTPC were among the laggards. Brent crude, the global oil benchmark, traded 0.75% lower at $94.76 per barrel. "Indian equity markets traded on a positive note, as investors positioned for a potential near-term de-escalation in the Middle East. Energy markets remained in a consolidation phase, as traders balanced hopes of a near-term resolution and a potential reopening of the Strait of Hormuz against ongoing uncertainty around ceasefire negotiations," Ponmudi R., chief executive officer (CEO) of Enrich Money, an online trading and wealth tech firm, said. Broader markets also advanced with the BSE MidCap Select index jumping 0.73% and SmallCap Select index by 0.29%. Among sectoral indices, FMCG rallied the most by 2.23%, followed by Realty (2.17%), MidSmall Private Banks Quality Tilt (1.71%), Private Banks index (1.67%), Top 10 Banks (1.66%) and Bankex (1.46%). Capital Goods emerged as the only laggard. "With the ceasefire deadline arriving tomorrow, all eyes turn to the second round of US-Iran talks - while markets remain hopeful of progress, elevated tensions and uncertain participation make any negative surprise a key downside risk," Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. A total of 2,531 stocks advanced, while 1,760 declined and 162 remained unchanged on the BSE. In Asian markets, South Korea's benchmark Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index ended higher. Markets in Europe were trading in positive territory. US markets ended marginally lower on Monday. "The bullish momentum was largely driven by a combination of macro and market-specific triggers. Easing geopolitical concerns, particularly around the US-Iran situation, played a central role in improving risk appetite. "This was further supported by a cooling in crude oil prices, which helped ease inflation concerns for an oil-import-dependent economy like India and improved margin visibility across sectors," Hariprasad K., Research Analyst and Founder, Livelong Wealth, said. Foreign Institutional Investors (FIIs) offloaded equities worth Rs.1,059.93 crore on Monday, according to BSE data. "Amid hopes for progress in Iran-US peace talks and supportive global cues, India's equity markets rebounded strongly," Vinod Nair, Head of Research, Geojit Investments Ltd, said. On Monday, the Sensex closed marginally up 26.76 points or 0.03% at 78,520.30. The Nifty edged up 11.30 points or 0.05% to settle at 24,364.85....