The key equity barometers traded with major gains in early afternoon trade. The Nifty traded above the 24,250 mark. Financial Services shared advanced after declining for previous session. At 12:28 IST, the S&P BSE Sensex advanced 818.98 points or 1.06% to 78,005.85. The Nifty 50 index added 205.90 points or 0.86% to 24,278.65.
In the broader market, the BSE 150 MidCap Index declined 0.56% and the BSE 250 SmallCap Index fell 1.23%.
The market breadth was weak. On the BSE 1,464 shares rose and 2,488 shares fell. A total of 206 shares were unchanged.
Derivatives :
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 3% to 13.27. The Nifty 28 July 2026 futures were trading at 24,247 at a discount of 31.65 points as compared with the spot at 24,278.65.
The Nifty option chain for the 28 July 2026 expiry showed a maximum call OI of 71.8 lakh contracts at the 25,000 strike price. Maximum put OI of 67.6 lakh contracts was seen at a 24,000 strike price.
Buzzing Index:
The Nifty Financial Services index added 1.07% to 26,840.25. The index fell 0.51% in the previous trading session.
Jio Financial Services (up 3.64%), Kotak Mahindra Bank (up 2.57%), ICICI Bank (up 1.43%), Axis Bank (up 1.42%), Bajaj Finance (up 1.32%), HDFC Bank (up 1.24%), SBI Cards & Payment Services (up 1.04%), REC (up 1.02%), Bajaj Finserv (up 0.95%) and Power Finance Corporation (up 0.93%) added.
On the other hand, BSE (down 2.6%), Max Financial Services (down 1.81%) and Muthoot Finance (down 1.34%) moved lower.
Stocks in Spotlight:
Indobell Insulations surged 19.50% after the company announced that it had secured four domestic orders worth a combined Rs 14.75 crore from Sundaram Brake Linings for the supply of nodulated wool and ceramic fibre nodules.
Nelco fell 2.71%. The company's consolidated net profit jumped 29.99% to Rs 2.34 crore in Q1 FY27, compared with Rs 1.8 crore in the year-ago period. Total income jumped 6.38% YoY to Rs 80.17 crore in Q1 FY27, from Rs 75.36 crore in the corresponding quarter last year.
Time Technoplast rose 1.38% after the company secured an order worth approximately Rs 38.14 crore from Hindustan Petroleum Corporation (HPCL) for the supply of 1.40 lakh 10-kg Type IV Composite LPG Cylinders.
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