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The S&P BSE Sensex surged as much as 150 points in trade on Wednesday, led by gains in ITC, Infosys, TCS, HDFC Bank, and Coal India. 

Tracking the momentum, the 50-share Nifty index surged over 40 points to reclaim its crucial psychological level of 8700, supported by gains in auto, banks, IT, metal and pharma stocks. 

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