<p>Mumbai: Equity benchmark indices Sensex and Nifty surged in early trade on Wednesday driven by a sharp rally in global markets and foreign fund inflows.</p><p>Buying in blue-chip IT stocks also added to investors' optimism.</p><p>The 30-share BSE benchmark Sensex jumped 658.96 points to 80,254.55 in early trade. The NSE Nifty rallied 192.05 points to 24,359.30.</p><p>From the Sensex firms, HCL Tech surged over 6 per cent after the firm posted an 8.1 per cent increase in consolidated net profit at Rs 4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about Rs 25,500 crore.</p><p>Tech Mahindra, Infosys, Tata Consultancy Services, Tata Motors and Maruti were also among major gainers.</p>.Rupee falls 15 paise to 85.34 against US dollar in early trade. <p>Eternal, Bajaj Finance, HDFC Bank and State Bank of India were among the laggards.</p><p>In Asian markets, South Korea's Kospi index, Tokyo's Nikkei 225, Shanghai SSE Composite and Hong Kong's Hang Seng were trading in the positive territory.</p><p>US markets bounced back sharply on Tuesday. Nasdaq Composite surged 2.71 per cent, Dow Jones Industrial Average jumped 2.66 per cent and S&P 500 rallied 2.51 per cent.</p><p>Foreign Institutional Investors (FIIs) bought equities worth Rs 1,290.43 crore on Tuesday, according to exchange data.</p><p>"President Trump’s message that he has no intention of firing the Fed chief has calmed the US markets. Trump’s remarks on Chinese tariffs indicate that he might reduce the US-China tensions. The sustained buying by FIIs is a strong support to Indian markets," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.</p><p>Global oil benchmark Brent crude climbed 0.67 per cent to $67.89 a barrel.</p><p>The BSE benchmark climbed 187.09 points or 0.24 per cent to settle at 79,595.59 on Tuesday. The Nifty went up by 41.70 points or 0.17 per cent to 24,167.25.</p>
<p>Mumbai: Equity benchmark indices Sensex and Nifty surged in early trade on Wednesday driven by a sharp rally in global markets and foreign fund inflows.</p><p>Buying in blue-chip IT stocks also added to investors' optimism.</p><p>The 30-share BSE benchmark Sensex jumped 658.96 points to 80,254.55 in early trade. The NSE Nifty rallied 192.05 points to 24,359.30.</p><p>From the Sensex firms, HCL Tech surged over 6 per cent after the firm posted an 8.1 per cent increase in consolidated net profit at Rs 4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about Rs 25,500 crore.</p><p>Tech Mahindra, Infosys, Tata Consultancy Services, Tata Motors and Maruti were also among major gainers.</p>.Rupee falls 15 paise to 85.34 against US dollar in early trade. <p>Eternal, Bajaj Finance, HDFC Bank and State Bank of India were among the laggards.</p><p>In Asian markets, South Korea's Kospi index, Tokyo's Nikkei 225, Shanghai SSE Composite and Hong Kong's Hang Seng were trading in the positive territory.</p><p>US markets bounced back sharply on Tuesday. Nasdaq Composite surged 2.71 per cent, Dow Jones Industrial Average jumped 2.66 per cent and S&P 500 rallied 2.51 per cent.</p><p>Foreign Institutional Investors (FIIs) bought equities worth Rs 1,290.43 crore on Tuesday, according to exchange data.</p><p>"President Trump’s message that he has no intention of firing the Fed chief has calmed the US markets. Trump’s remarks on Chinese tariffs indicate that he might reduce the US-China tensions. The sustained buying by FIIs is a strong support to Indian markets," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.</p><p>Global oil benchmark Brent crude climbed 0.67 per cent to $67.89 a barrel.</p><p>The BSE benchmark climbed 187.09 points or 0.24 per cent to settle at 79,595.59 on Tuesday. The Nifty went up by 41.70 points or 0.17 per cent to 24,167.25.</p>