Sensex gains 560 pts; private bank shares advance
At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 559.63 points or 0.73% to 76,712.49. The Nifty 50 index added 72 points or 0.30% to 23,943.15.
In the broader market, the BSE 150 MidCap Index added 0.09% and the BSE 250 SmallCap Index rose 0.29%.
The market breadth was positive. On the BSE, 2,337 shares rose and 1,817 shares fell. A total of 243 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 4.52% to 10.83. The Nifty 29 September 2026 futures were trading at 24,080.50, at a premium of 137.35 points as compared with the spot at 23,943.15.
The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 69.7 lakh contracts at the 25,000 strike price. A maximum put OI of 70.3 lakh contracts was seen at the 24,000 strike price.
Buzzing Index:
The Nifty Private Bank index rose 0.47% to 27,879.40. The index jumped 0.99% in the two consecutive trading sessions.
RBL Bank (up 2.03%), HDFC Bank (up 1.17%), Bandhan Bank (up 0.97%), Kotak Mahindra Bank (up 0.9%) and Axis Bank (up 0.48%), Yes Bank (up 0.22%), and ICICI Bank (up 0.08%) rose.
Stocks in Spotlight:
Power Grid Corporation of India rose 0.25%. The company emerged as the successful bidder under the tariff-based competitive bidding (TBCB) process for the Lakadia Renewable Energy Zone (REZ) Phase-II transmission project in Gujarat.
Avalon Technologies advanced 3.67% after the company announced the formation of a joint venture (JV) with Zollner Elektronik AG for PCBA, box-build and system integration manufacturing in India.
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