Sensex surges in early trade in hopes of Iran war ending

Equity benchmark indices Sensex and Nifty surged in early trade on Wednesday, tracking a sharp rally in global markets on hopes of a potential de-escalation in the ongoing West Asia conflict. The 30-share BSE Sensex jumped 1,899. 53 points to 73,847.

08 in early trade. The 50-share NSE Nifty surged 572. 55 points to 22,903. 95. All the 30-Sensex firms were trading higher, with Trent, Bharat Electronics, Adani Ports, Bajaj Finance, InterGlobe Aviation and Larsen & Toubro emerging as the major gainers.

In Asian markets, South Koreas benchmark Kospi, Japans Nikkei 225 index, Shanghais SSE Composite index and Hong Kongs Hang Seng index were quoting sharply higher. Kospi jumped nearly 7 per cent, while Nikkei 225 index climbed over 4 per cent.