Stock market today, June 16 -- India's stock market benchmarks gained ground following a lackluster opening on Monday, buoyed by increases in IT and financial sectors after experiencing two consecutive sessions of decline due to a worsening conflict between Israel and Iran.

As of 12:37 IST, the Nifty 50 increased by 0.85% to reach 24,929 . 20, while the Sensex climbed 0.77% to hit 81,752.79.

Following the widespread sell-off in the previous two sessions, the markets seem poised for a short-term rebound; however, geopolitical developments will continue to be a significant factor, according to market analysts. Over the weekend, fresh attacks were exchanged between Israel and Iran, raising concerns about broader instability in the oil-rich...