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Markets surge in early trade; Sensex jumps 562 points

Benchmark indices Sensex and Nifty surged in early trade on Monday following news that India has become the fourth largest economy in the world. Moreover, early arrival of monsoon, the Reserve Bank announcing a record Rs 2.69 lakh crore dividend to the government for FY25 and US President Donald Trump delaying 50 per cent EU tariffs to July 9 also added to the optimism of the market, experts said. The 30-share BSE benchmark gauge Sensex jumped 562.31 points to 82,283.39 in early trade. The NSE Nifty climbed 175.7 points to 25,028.85.