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Markets surge in early trade, tracking rally in global peers

In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading higher while Japan's Nikkei 225 index quoted marginally lower

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US markets ended significantly higher on Tuesday. Representational Pic

US markets ended significantly higher on Tuesday. Representational Pic

Benchmark indices Sensex and Nifty surged in early trade on Wednesday, mirroring a rally in global markets amid signs of easing tensions in the Middle East following a ceasefire between Iran and Israel.

The 30-share BSE Sensex jumped 426.79 points to 82,481.90 in early trade. The 50-share NSE Nifty climbed 123.25 points to 25,167.60.

From the 30-Sensex firms, Titan, HCL Tech, Reliance Industries, UltraTech Cement, Hindustan Unilever and Tata Steel were among the major gainers.

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