New Delhi - Indian equities surged in early trade on Tuesday on top of a strong rally the previous day as investors' sentiments were boosted following sharp gains in global bourses.
The 30-share Sensex of the Bombay Stock Exchange, which had gained 781.24 points on Monday, shot up by another 542.06 points, or 4.79 per cent, at 11,851.15 within minutes of trading.
The Sensex was quoted at 11,833.36, a gain of 524.27 points or 4.64 per cent at 11.30 am (0600 GMT).
Similarly, the broader 50-share Nifty index rose 4.10 per cent to 3,627, up by 136,39 points around the same time.
Indian stock markets belled the day on a firm note on account of positive global signs and sharp rally seen because of short coverings in yesterday’s session (Oct 13).
IT, realty, banking, metal and power sectors moved up sharply.
Mid-cap stocks gained 2.96%, while small-cap shares surged 1.83% today.
Asian stocks zoomed, driving Japan’s Nikkei 225 stock average to its largest gain in the last 18 years, after the US and European authorities decided to buy equity stakes in banking institutions.
Tokyo - Asia's stock markets surged Tuesday after the governments of the world's leading industrial nations announced plans to fight the global financial crisis.
Tokyo's stocks rocketed Tuesday with the benchmark Nikkei 225 Stock Average rising 13 per cent in morning trading after Wall Street's overnight surge.
After being closed for a holiday Monday, the Nikkei rose more than 1,000 points to cross the important 9,000 barrier. Other markets in Asia also posted substantial gains.