Mumbai, Jan 2 || Indian stock market surged by nearly 1.6 per cent in afternoon trade on Thursday as heavy buying was seen in auto, energy, private bank, infra, commodity and IT sectors on Nifty.
At around 1.39 pm, Sensex was trading at 79,766.88 after rising 1,259.47 points or 1.60 per cent, while Nifty was trading at 24,112.25 after rising 369.35 points or 1.56 per cent.
The market trend remained positive. On the National Stock Exchange (NSE), 1,366 stocks were trading in green, while 529 stocks were in red.
Nifty Bank was up 386.45 points or 0.76 per cent at 51,447.05. Nifty Midcap 100 index was trading at 57,740.40 after rising 289.50 points or 0.50 per cent. Nifty Smallcap 100 index was at 19,022.65 after rising 62.85 points or 0.33 per cent.
In the Sensex pack, Bajaj Finserv, Bajaj Finance, Maruti Suzuki, M&M, Infosys, Titan, UltraTech Cement, HCLTech, Kotak Mahindra Bank and IndusInd Bank were among the top gainers. Only Sun Pharma was among the top losers.
The domestic benchmark indices opened flat in morning trade as selling was seen in the PSU bank, pharma, FMCG, realty, media, energy and metal sectors on Nifty.