Sensex surges over 400 points to fresh 2016 high on positive cues from Asian markets​

Zee Media Bureau

Mumbai: The Indian equities surged in opening trade tracking positive cues from higher Asian markets. At 9.30 am, the Sensex surged 402.77 points or 1.48 per cent to 27,529.67. This is the highest level of Sensex since October 2015. While the NSE Nifty was trading at 11-month, jumped 114.40 points or 1.37 per cent to 8,437.60.

Asian share markets seemed buoyant on Monday as upbeat US jobs data mellowed down immediate concerns on the world's largest economy. Also the Brexit impact kept sovereign yields near record lows.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.9 percent to a one-month top. Australia added 1.8 percent and Shanghai 1 percent.

Japan's Nikkei climbed 3.5 percent, its biggest daily gain in three months, following a clear win by the government in upper house elections.