New Delhi, June 23 -- India's benchmark stock indices snapped a three-day losing streak on Friday, ending over 1% higher, supported by short-covering ahead of the monthly derivatives expiry and improved market sentiment after US President Donald Trump deferred his decision to back Israel's strike on Iran.

The Sensex opened at 81,354.85, just below its previous close of 81,361.87, before rallying 1,133 points (1.4%) to touch an intraday high of 82,494.49. Similarly, the Nifty 50 started at 24,787.65, slightly lower than its previous close of 24,793.25, and rose 1.4% to reach an intraday high of 25,136.20.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has improved after the sharp rally o...