Sensex up1,100 points, Nifty above 8,500

Mumbai, March 26 Indian equity indices surged on Thursday morning with the BSE Sensex gaining over 1,100 points.

The rise in the stock market was in line with the gains in the Asian indices. Healthy buying in finance and banking stocks also supported the domestic indices.

At 10.12 a.m., Sensex was trading at 29,710.48, higher by 1174.70, or 4.12 from the previous close of 28,535.78.

It had opened at 29,073.71 and has so far touched an intra-day high or 29,768.99 and a low of 28,566.34.

The Nifty50 was trading at 8,625.35, higher by 307.50 points or 3.70 per cent from the previous close.

On the Sensex, IndusInd Bank, Axis Bank and Bajaj Auto were the top gainers, while NTPC, ITC and Maruti Suzuki were the only stocks that fell so far.

( With inputs from IANS )