Indian equity markets surged on positive Asian momentum and U.S.-China summit optimism. The BSE Sensex climbed 450.51 points to 75,059.49, while NSE Nifty advanced 0.73% to 23,582.55 in early trade. Banking stocks led gains with major gainers including Adani Ports, Trent, Asian Paints, NTPC, and Sun Pharmaceuticals. However, technology stocks faced selling pressure as HCL Technologies, Infosys, TCS, and Tech Mahindra traded lower. Foreign investors sold equities worth 4,703 crore while domestic institutional investors purchased 5,869 crore. Global markets showed strength following Wall Street's upbeat session, with investors overlooking elevated Producer Price Index data. The U.S.-China summit discussions on trade and geopolitical issues are expected to influence market sentiment in coming sessions.
