Sensex surges 600 pts; Realty index jumps 3%, IT pack 2%

Propped up by slowing inflation in India and the US, domestic equity benchmark indices held sharp gains on Wednesday, taking cues from a global market rally. The BSE Sensex jumped 510 points to 65,413 and the NSE Nifty50 surged 150 points to 19,610.

All Sensex stocks were in green led by Infosys, Bajaj Finance, Tech M, Tata Steel, TCS and Tata Motors.

Hindalco, meanwhile, led Nifty winners by rising 4 per cent after its consolidated revenue rose 2 per cent QoQ to Rs 54,100 crore.

The BSE MidCap and SmallCap indices rose by 0.66 per cent and nearly 1 per cent, respectively.

All sectoral indices were also higher led by a 2 per cent gain in Nifty Realty. Nifty Bank, IT, Metal pockets rose over 1 per cent each.