Indices trade with strong gains; auto shares jump

The key equity benchmarks traded with major gains in the early afternoon trade, supported by easing crude oil prices and sustained buying interest from foreign institutional investors (FIIs). The positive momentum lifted the Nifty above the 23,650 mark, reflecting improved investor sentiment.

Auto stocks extended their rally for the second consecutive trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex jumped 810.91 points or 1.08% to 76,503.97. The Nifty 50 index rose 217.20 points or 0.93% to 23,658.

In the broader market, the BSE 150 MidCap Index gained 0.80% and the BSE 250 SmallCap Index added 0.52%.

The market breadth was strong. On the NSE, 2,250 shares rose and 1,176 shares fell. A total of 129 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 2.95% to 15.96. The Nifty 23 November 2026 futures were trading at 23,690 at a premium of 32 points as compared with the spot at 23,658.

The Nifty option chain for the 23 November 2026 expiry showed a maximum call OI of 61.7 lakh contracts at the 23,500 strike price. A maximum put OI of 76.6 lakh contracts was seen at the 23,000 strike price.

Buzzing Index:

The Nifty Auto index jumped 2.17% to 26,077.25. The index rose 2.57% in the two consecutive trading sessions.

Bosch (up 3.24%), Ashok Leyland (up 2.58%), Hero MotoCorp (up 1.97%), TVS Motor Company (up 1.79%), Samvardhana Motherson International (up 1.66%), Mahindra & Mahindra (up 1.35%), Tata Motors Passenger Vehicles (up 1.3%), Hyundai Motor India (up 1.18%), Eicher Motors (up 0.93%) and Maruti Suzuki India (up 0.89%) surged.

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