Stock Market: Sensex surges 1,000 points, Nifty above 24,300

Indian indices opened on a positive note following a rally in Asian markets. This comes after US central bank officials reassured investors, easing nerves from the previous session's massive selloff. The NSE Nifty 50 index rose 1.11% to 24,329.85, while the BSE Sensex added 1.2% to 79,743.87. On August 5, both indices had logged their worst session in two months amid global sell-off fears of a likely US recession.