Sensex surges over 250 points to cross 55K in early trade; Nifty tops 16,400

M&M was the top gainer in the Sensex pack, rising over 1 per cent, followed by L&T, HDFC, ITC, Axis Bank and HDFC Bank.

Equity benchmark Sensex jumped over 250 points to cross the 55,000-mark in early trade on August 13 , led by gains in index heavyweights HDFC twins, ICICI Bank and TCS. The 30-share index was trading 258.4 points or 0.47 per cent higher at a lifetime intra-day peak of 55,102.42, while the broader NSE Nifty advanced 69.80 points or 0.43 per cent to record 16,434.20 in initial deals. M&M was the top gainer in the Sensex pack, rising over 1 per cent, followed by L&T, HDFC, ITC, Axis Bank and HDFC Bank.