Equity benchmark indices Sensex and Nifty surged in early trade on Thursday amid growing optimism on the US-India trade deal front. Fresh foreign fund inflows and buying in IT stocks also drove the markets higher during the initial trade.

The 30-share BSE Sensex jumped 734.36 points to 85,160.70 in early trade. The 50-share NSE Nifty surged 198.3 points to 26,066.90. From the Sensex firms, Infosys, HCL Tech, Tech Mahindra, Axis Bank, Hindustan Unilever and Kotak Mahindra Bank were among the gainers. However, Eternal and Bajaj Finserv were the laggards.