The domestic equity benchmark indices surged during the initial deals on Wednesday amid foreign fund inflows, strong Q2 financial results and an <a href="https://www.mid-day.com/business/business-news/article/crude-oil-prices-decline-over-2-per-cent-to-usd-11404-per-barrel-amid-hopes-of-us-iran-deescalation-23657061" target="_blank" rel="none noopener">easing in crude oil prices</a>.
The 30-stock BSE Sensex soared 1174.36 points or 1.45 per cent at 82,281.01 in the early trade. The 50-stock NSE Nifty was up 306.35 points or 1.22 per cent at 25,351.00 in the initial trade.&nbsp;
<h2>Gainers and laggards in early deals</h2>
Among the 30 Sensex constituents, 29 were trading higher. Sun Pharma was the only laggard. InterGlobe Aviation, Mahindra &amp; Mahindra, State Bank of India, Eternal, HDFC Bank and Asian Paints, were the major gainers in the early deals.&nbsp;
The <a href="https://www.mid-day.com/business/business-news/article/indigo-shares-decline-nearly-3-per-cent-on-q1fy27-net-loss-23641388" target="_blank" rel="none noopener">shares of InterGlobe Aviation, the parent company of airlines IndiGo</a>, was trading 4.87 per cent higher. Mahindra &amp; Mahindra stocks were up 3.65 per cent.
On Tuesday, the stock exchanges were closed on account of Diwali Balipratipada. On Monday, the Sensex rose 107.25 points, or 0.13 per cent, to settle at 81,106.65, while the Nifty jumped 58.25 points, or 0.23 per cent, to close at 25,044.65.&nbsp;
<h2>Global cues</h2>
"Global cues remain mixed, so investors may watch overseas market movements, crude oil prices and key geopolitical developments for further direction," Deepesh Sarawagi, Technical Research Analyst at Choice Broking said.
Brent crude, the global oil benchmark, traded at USD 92.44 per barrel level, according to news agency PTI.
"Nifty 50 has surged by 8.6 per cent in just six trading days of this month. This surge was triggered mainly by the aggressive FII buying of Rs 53170 crores, so far, this month. The dramatic change in the market environment was triggered by positive global clues for India from the weakening of the AI trade. But it is important to note that the real fundamental support to the rally has come from the better-than-expected Q2 results," V K Vijayakumar, Chief Investment Strategist, Geojit Investments said.
"Given the new favourable environment for the Indian market, FIIs are likely to continue buying, imparting resilience to the frontline stocks in banking/financials, telecom, capital goods, select auto and pharmaceutical majors. This rally, which has more steam left, will be led again by large-caps," he added. &nbsp;
F<a href="https://www.mid-day.com/business/business-news/article/market-weekly-round-up-fiis-continue-to-be-net-buyers-purchase-equities-worth-rs-45960-crore-23658950" target="_blank" rel="none noopener">oreign Institutional Investors (FIIs) were net purchasers</a> and bought equities worth Rs 7,212.22 crore on Monday, according to exchange data. In contrast, Domestic Institutional Investors (DIIs) were net sellers and sold equities worth Rs 7,172.53.
"On the negative side, the rise in US &nbsp;inflation and the coming inevitable rate hikes by the Fed has pushed the 10-year US bond yields back to 5 per cent. This, and profit booking by the DIIs will restrain the rally a bit," Vijayakumar said.
In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index were trading higher, while Shanghai's SSE Composite index and Hong Kong's Hang Seng index trading lower.

During the early trade, the  Sensex zoomed 1174.36 points or 1.45 per cent at 82,281.01, while the Nifty surged 306.35 points or 1.22 per cent at 25,351.00

Sensex, Nifty surge in early trade; Sensex soars 1174.36 points

Sensex jumps 772.75 points, Nifty gains 210.40 points amid easing crude oil prices, FII inflows 

The 30-stock BSE Sensex soared 1174.36 points or 1.45 per cent at 82,281.01 in the early trade. The 50-stock NSE Nifty was up 306.35 points or 1.22 per cent at 25,351.00 in the initial trade

Sensex soars 1174.36 points in early trade amid FII inflows, easing crude oil prices

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