Sensex Surges Over 600 Points On Firm Global Cues, Nifty Trades Above 16,500

Indian equity benchmarks rose sharply in opening deals on Monday, taking cues from the global markets.

Indian equity benchmarks rose sharply in opening deals on Monday, taking cues from the global markets. Asian shares traded higher today, in line with the positive trend on Wall Street.

Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a gap-up start for the domestic indices.

The 30-share BSE Sensex jumped 624 points or 1.14 per cent to 55,509 in early trade, while the broader NSE Nifty moved 175 points or 1.07 per cent up to trade at 16,528.

Mid- and small-cap shares were trading on a strong note as Nifty Midcap 100 rose 1.15 per cent and small-cap gained 1.26 per cent.