MUMBAI: Benchmark indices Sensex and Nifty surged in early trade on Thursday in tandem with a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate cuts by the Federal Reserve.
The 30-share BSE benchmark Sensex jumped 595.42 points to 77,319.50 in early trade. The NSE Nifty rallied 178.45 points to 23,391.65.
From the 30-share blue-chip pack, Adani Ports, Zomato, UltraTech Cement, State Bank of India, IndusInd Bank, Tata Motors, ICICI Bank and Bajaj Finserv were the biggest gainers.