Equity benchmark Sensex surged over 400 points in early trade on Wednesday, tracking gains in index majors Reliance Industries, HDFC Bank and ICICI Bank amid a positive trend in global markets.
The 30-share index jumped 449.23 points or 0.80 per cent to 56,768.24 in the opening trade. Similarly, the Nifty advanced 134.95 points or 0.80 per cent to 16,905.80. IndusInd Bank was the top gainer in the Sensex pack, rising around 2 per cent, followed by Reliance Industries, Tata Steel and M&M. On the other hand, PowerGrid, Asian Paints, Wipro and Nestle India were among the laggards.
In the previous session, the 30-share equity benchmark rose 497 points or 0.89 per cent to end at 56,319.01, and Nifty surged 156.65 points or 0.94 per cent to 16,770.85.
Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 1,209.82 crore on Tuesday, according to stock exchange data.