Sensex surges 629.06 points to end at 35,779.07

The BSE bechmark Sensex surged 629.06 points to end at 35,779.07 mark while Nifty jumps 188.45 points to 10,737.60. The market breadth was positive as 1,882 shares advanced, against a decline of 645 shares, while 139 shares were unchanged.

Hero MotoCorp, Bharti Airtel, and Indiabulls Housing gained the most, while Dr Reddy’s Laboratories, and Bharti Infratel lost the most. 

Asian stock markets led gains in emerging markets on Wednesday as signs of an easing of U.S.-China trade tensions boosted investors' appetite for risk, while the dollar held near a one-month high, capping gains in many developing world currencies.

In an interview with Reuters, President Donald Trump sounded upbeat on the chances of a trade deal with China and said he would intervene with the U.S. Justice Department in the case against a Chinese telecommunications executive if it would help.

Huawei Technologies Co's Chief Financial Officer Meng Wanzhou, who was arrested earlier this month in Vancouver on charges of violating U.S. 
sanctions against Iran, was released on bail on Tuesday, easing concern among financial investors that the case could lead to more tit-for-tat moves by Beijing and Washington.

Meanwhile, the Indian rupee Wednesday plunged 32 paise to 72.17 per US dollar in early trade on the forex market after the appointment of former bureaucrat Shaktikanta Das as the new governor of the Reserve Bank of India.

Das Tuesday was named the new governor of the Reserve Bank of India after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank.