The Nifty traded above the 25,300 level. IT shares extended gains for the second consecutive trading session.

At 12:30 ST, the barometer index, the S&P BSE Sensex, rallied 327.48 points or 0.40% to 82,708.17. The Nifty 50 index added 96.30 points or 0.37% to 25,335.40.

In the broader market, the S&P BSE Mid-Cap index rose 0.24% and the S&P BSE Small-Cap index added 0.52%.

The market breadth was strong. On the BSE, 2,465 shares rose and 1,540 shares fell. A total of 182 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.73% to 10.20. The Nifty 30 September 2025 futures were trading at 25,419, at a premium of 83.60 points as compared with the spot at 25,335.40.

The Nifty option chain for the 30 September 2025 expiry showed a maximum call OI of 56.1 lakh contracts at the 26,000 strike price. Maximum put OI of 61.8 lakh contracts was seen at 25,000 strike price.

Buzzing Index:

The Nifty IT index jumped 0.70% to 36,467.35. The index rallied 1.57% in two consecutive trading sessions.

Persistent Systems (up 2.11%), Mphasis (up 1.09%), LTIMindtree (up 1.01%), Coforge (up 0.89%), Tata Consultancy Services (up 0.86%), Infosys (up 0.76%), Tech Mahindra (up 0.5%), Wipro (up 0.43%) and HCL Technologies (up 0.38%) advanced.

Stocks in Spotlight:

RMC Switchgears rallied 2.60% after the company announced that it has received a Letter of Intent (LOI) worth Rs 59.12 crore from Jaipur Vidyut Vitran Nigam (JVVNL).

Mangal Electrical Industries slipped 6.75% after the company's standalone net profit tumbled 31.43% to Rs 3.73 crore on 21.57% fall in revenue from operations to Rs 89.66 crore in Q1 June 2025 over Q1 June 2024

Agarwal Industrial Corporation advanced 3.27% after the company announced that it has successfully secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 330.05 crore.

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