Indian benchmark equity indices, BSE Sensex and Nifty 50, surged during the afternoon session on Thursday following reports quoting former US President Donald Trump as stating that India would eliminate all tariffs on US goods.

At 14:45 hours, the 30-share benchmark index was trading at 82503.53 up by 1172.97 points or by 1.44 % and then NSE Nifty was at 25070.1 up by 403.2 points or by 1.63 %.

Sensex touched intraday high of 82718.14 and intraday low of 80762.16 The NSE Nifty touched intraday high of 25116.25 and intraday low of 24494.45

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 705.80,+0.97%), Bharti Airtel Ltd. (Rs. 1843.00,+0.47%), Mahindra & Mahindra Ltd. (Rs. 1611.50,+0.45%), Adani Ports & Special Economic Zone Ltd. (Rs. 1376.50,+0.40%), among others.

The top losers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 772.85,-1.11%), Power Grid Corporation of India Ltd. (Rs. 293.65,-0.81%), Mahindra & Mahindra Ltd. (Rs. 3077.40,-0.78%), Maruti Suzuki India Ltd. (Rs. 12589.00,-0.65%), Eternal Ltd. (Rs. 235.25,-0.65%), among others.

Realty index was at 6978.13 up by 149.66 points or by 2.19%. Macrotech Developers Ltd. (Rs. 1322.00,+0.35%),.

FMCG index was at 20687.32 down by 141.17 points or by 0.69%. ADF Foods Ltd. (Rs. 221.45,-5.63%), Kaveri Seed Company Ltd. (Rs. 1317.90,-2.46%), Sundrop Brands Ltd. (Rs. 804.00,-1.51%), Manorama Industries Ltd. (Rs. 1475.00,-1.41%), Vadilal Industries Ltd. (Rs. 7256.65,-1.17%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2710 , shares advanced were 1667 while 886 shares declined and 157 were unchanged.