Lifted by stronger-than-expected GDP growth data, the Sensex at the Bombay Stock Exchange surged 294 points, or 1.8 per cent, to close at 16,926, on Monday. Easing concerns over the Dubai debt crisis and firm Asian bourses also improved market sentiment. The Nifty at the National Stock Exchange spurted 91 points, or 1.8 per cent to 5,033. Stock markets in Japan, China, Hong Kong and South Korea rose between 2 per cent and 3 per cent.