India, March 24 -- Shares of Honasa Consumer, the parent of D2C brands Mamaearth, BBlunt, and The Derma Co., surged nearly 11% today to reach an intraday high at INR 244.40 apiece on the BSE.

The surge came on the back of a rally in the broader market, with benchmark equity indices BSE Sensex and Nifty 50 extending gains for the sixth straight session. Sensex and Nifty ended today's trading session up nearly 1.4% at 77,984.38 and 23,658.35, respectively.

The Indian equities market has been on a steady recovery path since last week on expectations of a rate cut by the RBI, strong foreign and domestic capital inflows, and growing investor confidence.

The BSE Fast Moving Consumer Goods services sectoral index ended 0.5% higher at 19,373.1...