Nifty trades above 23,650; private bank share advance

The domestic equity benchmarks traded with major gains in the mid-afternoon trade. The Nifty traded above the 23,650 mark. Private bank shares advanced after declining in the past trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 862.03 points or 1.14% to 76,548.12. The Nifty 50 index rose 243.55 points or 1.04% to 23,684.35.

In the broader market, the Nifty MidCap 150 Index gained 0.60% and the Nifty SmallCap 250 Index added 0.52%.

The market breadth was positive. On the BSE, 2,454 shares rose and 1,840 shares fell. A total of 222 shares were unchanged.

Buzzing Index:

The Nifty Private Bank index rose 1.78% to 27,496.80. The index shed 0.14% in the past trading session.

HDFC Bank (up 3.11%), ICICI Bank (up 2.88%), Axis Bank (up 2.44%), IndusInd Bank (up 1.57%) and Bandhan Bank (up 1.51%), and Kotak Mahindra Bank (up 0.36%) jumped.

Numbers to Track:

The yield on India's 10-year benchmark federal paper shed 0.10% to 7.306 compared with the previous session close of 7.313.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 94.6625 compared with its close of 94.8400 during the previous trading session.

MCX Gold futures for 4 December 2026 settlement declined 1.47% to Rs 1,38,147.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.06% to 101.75.

The United States 10-year bond yield rose 0.39% to 4.909.

In the commodities market, Brent crude for December 2026 settlement jumped $1.80 or 1.72% to $106.57 a barrel.

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