NEW DELHI: The S&P BSE Sensex surged over 100 points in intraday trade shrugging off muted trends observed across major Asian markets. The 50-share Nifty index also recouped its intraday losses and was trading above its crucial psychological level of 8550. CNX Bank Nifty gained over 250 points in intraday trade.The gains were led by index heavyweights such as ICICI Bank, SBI, Infosys, HDFC and Maruti Suzuki.

The S&P BSE Midcap Index was up 0.79 per cent and BSE S&P Smallcap Index edged higher by 0.66 per cent. The overall market breadth was positive, with seven out of every BSE stocks trading in the green. Cues from global markets were unsupportive. China’s Shanghai Composite declined 2.4 per cent. South Korea’s Kospi and Hong Kong’s Hang Seng fell 1 per cent each. Japan’s Nikkei was down half a per cent, while Singapore’s Straits Times was down 0.20 per cent.Snapping its losing streak, rupee jumped 13 paise to 64 against dollar in early trades today. The domestic currency had fallen 9 paise to settle at 64.13 against the greenback on Friday.

Source : http://economictimes.indiatimes.com/markets/stocks/news/sensex-up-over-100-points-nifty-reclaims-8550-hcl-tech-down-5-lt-4/articleshow/48323968.cms