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Sensex surges over 250 pts in early trade; Nifty tops 16,300

The 30-share index was trading 257.31 points or 0.47 per cent higher at 54,660.16, while the broader NSE Nifty advanced 64.05 points or 0.39 per cent to 16,322.30.

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This picture has been used for representational purpose

This picture has been used for representational purpose

Equity benchmark Sensex jumped over 250 points in early trade on Tuesday, tracking gains in index majors Infosys, Reliance Industries and ICICI Bank, despite a largely negative trend in global markets. The 30-share index was trading 257.31 points or 0.47 per cent higher at 54,660.16, while the broader NSE Nifty advanced 64.05 points or 0.39 per cent to 16,322.30.

HDFC was the top gainer in the Sensex pack, rising around 2 per cent, followed by Kotak Bank, IndusInd Bank, Reliance Industries and Axis Bank. On the other hand, PowerGrid, ITC, Bajaj Auto and Nestle India were among the laggards. In the previous session, Sensex ended 125.13 points or 0.23 per cent higher at 54,402.85, while Nifty advanced 20.05 points or 0.12 per cent to 16,258.25.

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