Indian stocks surge more than 100 points in early trade

 Indian stocks market benchmark BSE Sensex rallied as much as 138 points in trade on Monday, following positive trend seen in other Asian markets.
The rally in the index was led by gains in ITC, HDFC Bank, Sesa Sterlite, ONGC and Reliance Industries.
At 09:20 a.m., the 30-share index was at 27,447.46, up 75 points or 0.28 percent. It touched a high of 27,509.59 and a low of 27,443.51 in trade.
Since the beginning of this year, the Sensex has gained 29.2 percent, while foreign institutional investors have bought 16.58 billion U.S. dollars from local equity markets and 26.01 billion dollars from the debt market.