Stock Market Today: Sensex surges over 1,000 points in early trade, Nifty above 16,100-mark on positive global cues

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The toplien equity indices opened over 1.5 per cent higher on Friday taking cues from their Asian peers which rose after China cut a key lending benchmark to support a slowing economy.

At 9:24 am, the S&P BSE Sensex was up 1,006.38 points (1.91 per cent) at 53,798.61 while the Nifty 50 was trading at 16,122.55, up 313.15 points (1.98 per cent).

On the Sensex pack, all the stocks were trading higher in the early trade led by Tata Steel, Dr. Reddy’s Laboratories, Bharti Airtel, State Bank of India (SBI), Sun Pharmaceutical Industries and Hindustan Unilever.

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