Stock Market Update: Sensex Surges in Early Trade Amid Buying Spree

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Stock Market Update: Equity benchmark indices rebounded in early trade on Thursday, buoyed by a rally in Asian markets and buying in index majors like State Bank of India and Reliance Industries. The BSE Sensex surged 310.82 points to 73,254.50, while the NSE Nifty rose by 122.75 points to 22,270.65.

Major gainers in the Sensex basket included Power Grid, Mahindra & Mahindra, Bharti Airtel, and Larsen & Toubro, while HCL Technologies, Axis Bank, and Nestle were among the laggards. Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, were trading positively, while Wall Street closed lower on Wednesday.

Global oil benchmark Brent crude rose to USD 87.54 a barrel, while Foreign Institutional Investors (FIIs) sold equities worth Rs 4,468.09 crore on Tuesday. Stock markets were closed on Wednesday for Ram Navami. The BSE benchmark had declined over the past three days, shedding 2,094.47 points or 2.79 percent.

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