Mumbai, Dec 8 (PTI) Benchmark Sensex surged 246 points inlate morning trade on widespread buying in metal, telecom,auto, realty and financial sectors amid firm Asian cues.
The 30-share index was trading higher by 246.04 points or0.75 per cent at 33,195.25 at 1100 hrs.
The broader Nifty too was trading above the key 10,200-level, up by 81.65 points or 0.80 per cent at 10,248.35.
Major gainers were Maruti 2.27 per cent, Bharti Airtel2.09 per cent, Tata Motors 2.03 per cent, Tata Steel 1.96 percent and ONGC 1.72 per cent.
Foreign portfolio investors (FPIs) sold shares worth netRs 1,075.62 crore yesterday, while domestic institutionalinvestors (DIIs) bought to the tune of Rs 926.68 crore.
Asian markets were trading higher following a broad-basedrally in US equities.
US stocks closed higher yesterday, with the S&P 500snapping a four-session losing streak on the back of gains intechnology, industrials and materials sectors. PTI PAKABM.
This is unedited, unformatted feed from the Press Trust of India wire.