Sensex Surges 1,200 pts, Nifty Above 16,650 as BJP races ahead in UP

Benchmark indices are trading higher in the opening session amid positive global markets after crude oil prices have fallen more than 12 per cent. At 09:16 IST, the Sensex was up 1,128.22 points or 2.06 per cent at 55775.55, and the Nifty was up 314.20 points or 1.92 per cent at 16659.60. About 1860 shares have advanced, 185 shares declined, and 38 shares are unchanged.