Sensex surges over 190 points; Reliance Industries among top contributor

Equity benchmark indices climbed on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Also, investors preferred to stay cautious amid weak global market trends and record rally in equities.

Later, both benchmark indices faced volatile trends in the early morning trade. Currently, the Sensex is trading 195 points higher at 65,640.75 and the Nifty surged 60 points at 19,458.

From the Sensex pack, Power Grid, Reliance, Tata Motors, NTPC, L&T, Nestle and Bharti Airtel were among the biggest gainers.

IndusInd Bank, Bajaj Finance, Maruti, Tata Steel, HCL Technologies and Tech Mahindra were among the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower. US stocks ended lower on Wednesday with the S&P 500 snapping a three-day winning streak after the minutes of the Federal Reserve's last policy meeting showed almost all participants expected additional interest-rate increases after unanimously deciding to leave rates unchanged in June.

Meanwhile, global oil benchmark Brent crude dipped 0.21% to USD 76.49 a barrel.

Source: Media reports