India, Aug. 5 -- In a stunning early trade move that caught many off guard, stock market benchmarks Sensex and Nifty rocketed higher on Wednesday after crude oil prices plunged sharply and foreign funds poured in, with the crucial RBI monetary policy decision now hanging over the market.

Investors are also awaiting the RBI monetary policy decision to be announced shortly.

The 30-share BSE Sensex climbed 397.59 points to 78,826.54 in early trade. The 50-share NSE Nifty went up by 62.7 points to 24,677.60.

From the Sensex pack, InterGlobe Aviation, Mahindra & Mahindra, Trent, NTPC, Larsen & Toubro and Bajaj Finserv were among the major winners.

Sun Pharma, Tata Consultancy Services, Titan and Bharat Electronics were among the laggards....