Private bank shares jumped for second consecutive trading sessions.
At 12:25 IST, the barometer index, the S&P BSE Sensex jumped 264.33 points or 0.34% to 78,551.41. The Nifty 50 index surged 66.15 points or 0.27% to 24,494.95.
In the broader market, the BSE 150 MidCap Index shed 0.26% and the BSE 250 SmallCap Index gained 0.67%.
The market breadth was weak. On the BSE, 1,513 shares rose and 2,432 shares fell. A total of 195 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.71% to 11.73. The Nifty 28 July 2026 futures were trading at 24,530.20, at a premium of 34.25 points as compared with the spot at 24,495.95 .
The Nifty option chain for the 28 July 2026 expiry showed a maximum call OI of 70.6 lakh contracts at the 25,000 strike price. A maximum put OI of 74.4 lakh contracts was seen at the 24,000 strike price.
Buzzing Index:
The Nifty Private Bank index rose 0.29% to 28,430.60. The index rose 0.76% in the two consecutive trading sessions.
IndusInd Bank (up 1.72%), RBL Bank (up 1.03%), HDFC Bank (up 0.9%), Axis Bank (up 0.52%) and ICICI Bank (up 0.08%) advanced.
Yes Bank (down 0.74%), Kotak Mahindra Bank (down 0.25%) and Federal Bank (down 0.23%) declined.
Stocks in Spotlight:
TARC surged 9.35% after the company reported a strong operational performance for the quarter ended 30 June 2026, driven by robust demand across its premium housing portfolio. The company reported quarterly pre-sales of Rs 602 crore in Q1 FY27, nearly three times the level recorded in the corresponding quarter last year
Varun Beverages (VBL) declined 2.70%. The company announced that its subsidiary, VBL Industries (Kenya), has entered into an agreement to acquire the value-added dairy beverages, juices and packaged drinking water business of Devyani Food Industries (Kenya) (DFIL Kenya).
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