Benchmark indices surged in trade as global markets recovered and Asian markets staged a good rally in trade.

The Sensex followed suit and ended higher by 259 points, while the Nifty gained 81 points in trade. Leading the set of gainers in trade were select banking stocks ike ICICI Bank and Axis Bank.

Other stocks that gained ground were NTPC, Dr Reddy's and Bharat Heavy Electricals. There were very few stocks from the Nifty that lost ground and that included Infosys.

Among non index stocks Gayatri Projects surged, following a sizeable order. The stock was up almost three per cent in trade.

Shares in Axis Bank surged after reports that the bank may tie-up with Wells Fargo for Fintech Push. Tiger Logistics surged 5 per cent after reports that the company has formed a subsidiary in Singapore to support business.

Uttam Galva was the star in trade today rallying as much as 16 per cent after reports that the company maybe on the block. Galva may soon be put on the block .

Future Enterprises was also in the limelight after reports that the company sold 14 percent in unit Future Supply Chain Solutions to Griffin Partners.

Meanwhile, markets across Asia had a great day, while markets in Europe were trading with gains. The rupee was last seen trading at Rs 67.65 to the dollar.

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