Nifty trades tad above 23,450; PSU bank share in demand
At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 364.34 points or 0.49% to 74,893.42. The Nifty 50 index added 124.90 points or 0.54% to 23,453.90.
In the broader market, the BSE 150 MidCap Index gained 0.71% and the BSE 250 SmallCap Index rose 0.68%.
The market breadth was positive. On the BSE, 2,712 shares rose and 1,598 shares fell. A total of 226 shares were unchanged.
Buzzing Index:
The Nifty PSU Bank index rose 1.15% to 8,366.35. The index declined 0.55% in the past two trading sessions.
Canara Bank (up 2.37%), Bank of Maharashtra (up 1.94%), Bank of India (up 1.78%), Punjab National Bank (up 1.44%), UCO Bank (up 1.18%), Bank of Baroda (up 1.17%), Central Bank of India (up 1.02%), State Bank of India (up 0.9%), Union Bank of India (up 0.73%) and Punjab & Sind Bank (up 0.59%) jumped.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.19% to 7.029 compared with the previous session close of 7.016.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.7300 compared with its close of 95.6250 during the previous trading session.
MCX Gold futures for 5 October 2026 settlement shed 0.40% to Rs 1,52,100.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.23% to 100.77.
The United States 10-year bond yield rose 0.24% to 4.960.
In the commodities market, Brent crude for November 2026 settlement rose 38 cents or 0.38% to $ 99.63 a barrel.
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