Sensex Surges Over 650 Points Led By Gains In Banking Shares

The S&P BSE Sensex and NSE Nifty 50 indexes extended gains in afternoon trading led by gains in banking, financial services and metal stocks. The Sensex rose as much as 749 points and the Nifty 50 index climbed 227 points to move above its important psychological level of 10,100. The sharp up move in the benchmarks came on the back of short covering rally as weekly index futures and option contracts are set to expire today.