Indian stock market, May 14 -- Indian benchmark indices, Sensex and Nifty50, moved higher on Wednesday, buoyed by strong performances in financial and IT stocks, following lower-than-expected inflation data from both the U.S. and India for April.

Around 10:20 am, the BSE Sensex surged 518 points (0.64%) to 81,666, while the Nifty50 rose 184 points (0.75%) to 24,762.

"The benchmark Nifty saw a pullback in yesterday's trading session after a strong rally in the session before that. Opening with a gap down of 60 points, it witnessed selling pressure throughout the day, closing with a loss of 346 points. Top gainers included Bharat Electronics Ltd., Hero MotoCorp Ltd., and Jio Financial Services Ltd., while top losers were Infosys Ltd., Pow...