Indian benchmark indices Sensex and Nifty surged in early trade, extending the previous session’s rally amid positive global cues and a US Federal Reserve rate cut. Major gainers included L&T and Tata Steel, while several IT stocks lagged alongside mixed Asian market trends

Mumbai: Stock market benchmark indices Sensex and Nifty surged in early trade on Friday, extending their previous session’s rally, in-tandem with a positive global trends amid a rate cut by the US Federal Reserve.

The 30-share BSE Sensex climbed 402.99 points to 85,221.12 during early trade. The 50-share NSE Nifty jumped 115.3 points to 26,013.85.

From the Sensex firms, Larsen & Toubro, Tata Steel, Bajaj Finance, UltraTech Cement, Axis Bank and Bharat Electronics were among the major gainers.

However, Tech Mahindra

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