The key equity benchmarks traded with major gains in the early afternoon trade driven by falling oil prices and strong Q2 result of Reliance Industries. The Nifty traded above the 23,300 level.

Consumer durables shares advanced after declining in the past trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex jumped 965.71 points or 1.30% to 75,425.24. The Nifty 50 index rose 285.05 points or 1.24% to 23,338.15.

In the broader market, the Nifty MidCap 150 Index gained 1.28% and the Nifty SmallCap 250 Index added 1.53%.

The market breadth was strong. On the BSE, 2,478 shares rose and 981 shares fell. A total of 98 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 2.41% to 15.67. The Nifty 23 November 2026 futures were trading at 23,408.10 at a premium of 69.95 points as compared with the spot at 23,338.15.

The Nifty option chain for the 23 November 2026 expiry showed a maximum call OI of 63.9 lakh contracts at the 23,500 strike price. A maximum put OI of 66.1 lakh contracts was seen at the 23,000 strike price.

Buzzing Index:

The Nifty Consumer Durables index jumped 2.90% to 35,527.30. The index fell 1.78% in the past trading session.

Dixon Technologies (India) (up 12.71%), Amber Enterprises India (up 6.53%), Kajaria Ceramics (up 3.29%), Crompton Greaves Consumer Electricals (up 1.98%), Bata India (up 1.92%), PG Electroplast (up 1.77%), Voltas (up 1.43%), Thangamayil Jewellery (up 1.38%), Kalyan Jewellers India (up 1.34%) and Whirlpool of India (up 1.07%) surged.