Indian stock markets surged on Tuesday in line with Asian peers, on signs of a slowdown in coronavirus-related deaths globally. At 2 pm, the Sensex was 2,139 points higher at 29,730 and the Nifty was trading near 8,692, surging 7.53%. IndusInd Bank was the biggest index mover, trading almost 20% higher. M&M, Axis Bank, Sun Pharma and HCL Tech were the other top gainers. The rupee was 23 paise high at 75.96 against the US dollar.