Benchmark indices Sensex and Nifty surged in early trade on Wednesday mirroring a rally in global markets amid signs of easing tensions in the Middle East following a ceasefire between Iran and Israel. The 30-share BSE Sensex jumped 426.79 points to 82481.90 in early trade. The 50-share NSE Nifty climbed 123.25 points to 25167.60. From the 30-Sensex firms Titan HCL Tech Reliance Industries UltraTech Cement Hindustan Unilever and Tata Steel were among the major gainers. Mukesh Ambani Held Stock Surge Mukand Ltd. saw a 20% surge in its share price reaching Rs 137.4 per share on the NSE. It started as a re-rolling mill and foundry and later transformed into a diversified powerhouse. It deals in two core sectors like steelmaking (focused on long products) and heavy machinery. It has grown into a multi-division multi-product conglomerate. Today it is an integral part of the Bajaj Group of Companies. Billionaire Mukesh Ambani-led Reliance Industries through its affiliate Siddhant Commercials Pvt Ltd holds about 3579056 shares or a 2.48 per cent stake in the company. As Mukand’s share price increased by Rs 22.90 and hitting a near six-month high the single-day unrealised gains for Reliance Industries (via Siddhant Commercials) are around Rs 81960382. Anil Ambani Group Shares Meanwhile shares of Anil Ambani-led companies like Reliance Power (RPower) and Reliance Infrastructure by 1.57 per cent and 2.16 per cent respectively. So Mukand Ltd outperformed the share prices of Anil Ambani group companies.