| The key equity benchmarks traded with modest cuts in early afternoon trade, supported by a moderation in crude oil prices from elevated levels and foreign fund inflows. Despite a recent uptick in crude prices, optimism over a potential de-escalation in the Iran conflict continued to underpin investor sentiment. The Nifty traded above the 25,300 level. Metal shares advanced after declining in the past trading session.
At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 1,072.90 points or 1.33% to 82,179.55. The Nifty 50 index added 271.60 points or 1.09% to 25,324.90.
In the broader market, the BSE 150 MidCap Index gained 1.35% and the BSE 250 SmallCap Index rose 1.55%.
The market breadth was strong. On the BSE, 3,043 shares rose and 1,263 shares fell. A total of 229 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.57% to 17.52. The Nifty 23 November 2026 futures were trading at 25,431.80 at a premium of 106.9 points as compared with the spot at 25,324.90.
The Nifty option chain for the 23 November 2026 expiry showed a maximum call OI of 105.8 crore contracts at the 26,000 strike price. A maximum put OI of 79.3 crore contracts was seen at the 25,000 strike price.
Buzzing Index:
The Nifty Metal index added 1.36% to 12,837.20. The index shed 0.46% in the past trading session.
Steel Authority of India (up 3.76%), Hindustan Copper (up 2.91%), Jindal Stainless (up 2.78%), Tata Steel (up 2.36%), Jindal Steel (up 2.17%), Adani Enterprises (up 1.53%), NMDC (up 1.48%), Lloyds Metals & Energy (up 1.17%), Hindustan Zinc (up 1.06%) and JSW Steel (up 0.8%) rose. |