Markets volatile; Sensex surges over 100 points, Nifty above 8,750

In the broader market, the BSE Midcap and BSE Smallcap mirroed the gains in frontline indices

In a volatile trading session, the benchmark indices on Thursday turned positive in the afternoon trade, contributed by gains in Sun Pharma and Maruti Suzuki.

Asian markets surging to one-and-a-half year highs thanks to an extended rally on Wall Street and strong US data, also contributed to the gains. 

At 11:55 am, the S&P BSE Sensex was trading at 28,269, up 113 points, while the broader Nifty50 was ruling at 8,765, up 41 points. 

In the broader market, the BSE Midcap and BSE Smallcap outperformed the frontline indices and rose 0.7% and 0.9%, respectively. 

“Going forward, we expect buying