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The S&P BSE Sensex surged over 200 points in trade on Wednesday, led by gains in ICICI Bank, Infosys, Bharti Airtel, Axis Bank and RIL. 

The 50-share Nifty index reclaimed its crucial psychological level of 8550, supported by gains in IT, autos, metal and realty stocks.Fullerton India Credit Co Ltd plans to raise at least 250 million rupees selling subordinated bonds maturing in seven years, three merchant bankers told Newsrise on Tuesday. The issue will open for subscription this week, they added.

Steel Authority of India Ltd plans to raise at least 1.50 billion rupees selling bonds maturing in five years, four merchant bankers told Newsrise on Tuesday. The state-run steel company has invited coupon bids for the bond issue by 11:00 a.m. on Wednesday.

The Sensex is up 161.36 points or 0.6 percent at 28233.29, and the Nifty is up 47.80 points or 0.6 percent at 8564.70. About 801 shares have advanced, 132 shares declined, and 62 shares are unchanged. Bharti Airtel, Tata Steel, Axis Bank, Infosys and Vedanta are top gainers in the Sensex.Bharti Airtel was the top Nifty gainer, up 3 per cent at Rs 427.70 after the company reported better than expected Q1 numbers post the market hours yesterday.

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