Equity benchmarks traded with moderate gains during the noon trading session, buoyed by positive global cues and a supportive move from the Reserve Bank of India.
Market sentiment was lifted after U.S. President Donald Trump initially issued, then softened, threats of higher tariffs on European imports over the weekend.
Additionally, the RBI’s announcement of a Rs 2.68 lakh crore dividend payout to the central government for FY25 further boosted investor confidence.
At 12:30 hours, the 30-share benchmark index was trading at 82,151.53 up by 430.45 points or 0.53 per cent, while the NSE Nifty were trading at 24,999.75 up by 146.60 or 0.59 per cent.
In the broader market, the S&P BSE Mid-Cap index advanced 0.52% and the S&P BSE Small-Cap index jumped 0.62%.
The market breadth was strong. On the BSE, 2,308 shares rose and 1,530 shares fell. A total of 218 shares were unchanged.