At 12:30 IST, the barometer index, the S&P BSE Sensex, surged 610.50 points or 0.79% to 77,601.72. The Nifty 50 index added 186.90 points or 0.78% to 24,208.55.

In the broader market, the BSE 150 MidCap Index added 0.17% and the BSE 250 SmallCap Index fell 0.17%.

The market breadth was negative. On the BSE, 1,829 shares rose and 2,170 shares fell. A total of 216 shares were unchanged.

In the commodities market, Brent crude for August 2026 settlement fell $1.09 or 1.48% to $72.65 a barrel.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.32% to 12.94. The Nifty 30 June 2026 futures were trading at 24,264.80 at a premium of 56.25 points as compared with the spot at 24,208.55.

The Nifty option chain for the 30 June 2026 expiry showed a maximum call OI of 114.6 lakh contracts at the 25,000 strike price. Maximum put OI of 157.1 lakh contracts was seen at a 24,000 strike price.

Buzzing Index:

The Nifty Private Bank index jumped 1.02% to 28,566.45. The index rallied 2.89% in two consecutive trading sessions.

ICICI Bank (up 1.55%), Kotak Mahindra Bank (up 1.45%), HDFC Bank (up 1.16%), Axis Bank (up 0.62%), IDFC First Bank (up 0.52%), IndusInd Bank (up 0.27%) and Yes Bank (up 0.08%) advanced.

On the other hand, Bandhan Bank (down 5.46%), RBL Bank (down 0.91%) and Federal Bank (down 0.57%) edged lower.

Stocks in Spotlight:

Duncan Engineering shed 0.35%. The company announced that it has received an order worth Rs 5.54 crore from Bharat Petroleum Corporation (BPCL), a Government of India undertaking.

Onward Technologies surged 13.38% after the company announced that it had secured an engineering services contract valued at Rs 33 crore from a leading global power management company.

Texmaco Rail & Engineering rose 0.73%. The company announced that it has received a letter of acceptance (LoA) worth Rs 6.28 crore from Western Railway.

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