Sensex, Nifty climb one pc amid ceasefire hopes; oil price drops 7%

New Delhi: Dalal Street opened on a bullish note for the second consecutive session on Wednesday, supported by easing geopolitical concerns amid hopes of de-escalation in the West Asia conflict. Additionally, reports suggesting that Donald Trump had proposed a 15-point plan to Iran via Pakistan further enhanced investor confidence. Sensex opened around 600 points or 0.80 per cent higher at 74,652, while Nifty began trading at 23,064, up 150 points or 0.66 per cent. In early trade, the 30-share index extended gains, rising as much as 771 points or 1.04 per cent to hit an intraday high of 74,840 as…