The Sensex and Nifty surged on Thursday, supported by a sharp decline in crude oil prices and optimism over a potential resolution to the West Asia conflict. Sentiment was further boosted after the US midterm election results gave the opposition Democratic Party control of Congress.

At 10:30 hours, the 30-share benchmark index was trading at 78789.74 up by 1488.34 points or by 1.93 % and then NSE Nifty was at 24395.45 up by 434.85 points or by 1.81 %.

Sensex touched intraday high of 79001.19 and intraday low of 78520.56 The NSE Nifty touched intraday high of 24442.2 and intraday low of 24296.3

The top gainers of the BSE Sensex pack were InterGlobe Aviation Ltd. (Rs. 5420.00,+5.45%), Bajaj Finance Ltd. (Rs. 1046.00,+5.33%), Maruti Suzuki India Ltd. (Rs. 12539.85,+4.77%), Asian Paints Ltd. (Rs. 2522.95,+4.25%), Mahindra & Mahindra Ltd. (Rs. 3066.70,+3.89%), among others.

The top losers of the BSE Sensex pack were NTPC Ltd. (Rs. 319.50,-0.68%), Bharti Airtel Ltd. (Rs. 2057.35,-0.42%), Reliance Industries Ltd. (Rs. 1309.00,-0.25%), ITC Ltd. (Rs. 279.30,-0.14%), Power Grid Corporation of India Ltd. (Rs. 261.90,-0.04%), among others.

Auto index was at 60219.68 up by 2064.04 points or by 3.55%. Ashok Leyland Ltd. (Rs. 169.40,+10.00%), Tata Motors Ltd. (Rs. 434.95,+7.98%), Balkrishna Industries Ltd. (Rs. 2409.50,+7.38%), Apollo Tyres Ltd. (Rs. 423.05,+5.07%), MRF Ltd. (Rs. 123924.65,+5.06%),.

CGS index was at 72228.86 down by -702.31 points or by -0.96%. Cummins India Ltd. (Rs. 4235.00,-10.83%), Kirloskar Oil Engines Ltd. (Rs. 1664.90,-7.72%), Hitachi Energy India Ltd. (Rs. 28209.00,-2.73%), CG Power and Industrial Solutions Ltd. (Rs. 820.40,-2.55%), GE Vernova T&D India Ltd. (Rs. 4166.20,-2.32%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4255 , shares advanced were 3218 while 839 shares declined and 198 were unchanged.