Barometers trade with strong gains; private bank shares climb

The domestic equity indices traded with major gains in mid-afternoon trade. Market participants will track the quarterly earnings, IPOs activity. The Nifty traded above 25,300 level.

Private bank witnessed buying demand for second consecutive trading sessions.

At 14:25 IST, the barometer index, the S&P BSE Sensex advanced 433.71 points or 0.52% to 82,602.40. The Nifty 50 index added 126.35 points or 0.50% to 25,308.15.

In the broader market, the S&P BSE Mid-Cap index rose 0.35% and the S&P BSE Small-Cap index rose 0.65%.

The market breadth was negative. On the BSE, 2,432 shares rose and 1,682 shares fell. A total of 163 shares were unchanged.

Buzzing Index:

The Nifty Private Bank index jumped 1.04% to 27,803.25. The index rose 1.44% in the two consecutive trading sessions.

Yes Bank (up 7%), Bandhan Bank (up 2.79%), IndusInd Bank (up 2.02%), RBL Bank (up 1.41%), Axis Bank (up 1.39%), HDFC Bank (up 0.78%), IDFC First Bank (up 0.75%), ICICI Bank (up 0.43%), Federal Bank (up 0.2%) and Kotak Mahindra Bank (up 0.12%) advanced.

Numbers to Track:

The yield on India's 10-year benchmark federal paper shed 0.09% to 6.515 from the previous close of 6.521.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 88.6350 compared with its close of 88.7975 during the previous trading session.

MCX Gold futures for 5 December 2025 settlement advanced 0.63% to Rs 121,255.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.14% to 99.26.

The United States 10-year bond yield fell 0.82% to 4.118.

In the commodities market, Brent crude for December 2025 settlement declined 47 cents or 0.72% to $64.75 a barrel.

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