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Sensex and Nifty 50 Surge More Than 2% in Intraday Trade

India’s benchmark indices rose more than 2% during intraday trade. The report cites improving corporate earnings, renewed interest in large-cap stocks and a correction in artificial intelligence-related stocks.

NIFTYSENSEX

Stock market rally, Oct. 15 -- The Sensex and Nifty 50 surged over 2% during intraday trade, raising hopes of a sustained recovery on Dalal Street ahead of Diwali. The rally came amid improving corporate earnings, renewed interest in large-cap stocks and a sharp correction in artificial intelligenc…