Sensex surges over 250 points in early trade; Nifty tops 18,350

The 30-share index was trading 265.84 points or 0.43% higher at 61,525.80 in initial deals

A general view of the Bombay Stock Exchange after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021

Equity benchmark Sensex jumped over 250 points in opening trade on October 21, tracking gains in index majors HDFC twins, Kotak Bank and Infosys amid a largely positive trend in global markets.

The 30-share index was trading 265.84 points or 0.43% higher at 61,525.80 in initial deals. Similarly, the Nifty advanced 93.45 points or 0.51% to 18,360.05.

Sun Pharma was the top gainer in the Sensex pack, rising around 2%, followed by PowerGrid, NTPC, HDFC, Kotak Bank and M&M.

On the other hand, HCL Tech, Tech Mahindra, TCS and Bharti Airtel were among the laggards.

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In the previous session, the 30-share index ended 456.09 points or 0.74% lower at 61,259.96, and Nifty dropped 152.15 points or 0.83% to 18,266.60.

Foreign institutional investors (FIIs) were net sellers in the capital market, as they offloaded shares worth ₹1,843.09 crore on October 20, as per exchange data.

Elsewhere in Asia, bourses in Shanghai and Seoul were trading with gains in mid-session deals, while Hong Kong and Tokyo were in the red.

Stock exchanges on Wall Street largely ended on a positive note in the overnight session.

Meanwhile, international oil benchmark Brent crude fell 0.08% to $85.75 per barrel.