At 14:30 IST, the barometer index, the S&P BSE Sensex jumped up 990.35 points or 1.21% to 82,513.51. The Nifty 50 index surged 326.80 points or 1.31% to 25,245.25.
In the broader market, the S&P BSE Mid-Cap index jumped 1.17% and the S&P BSE Small-Cap index gained 0.65%.
The market breadth was positive. On the BSE, 2,273 shares rose and 1,619 shares fell. A total of 128 shares were unchanged.
Buzzing Index:
The Nifty Oil & Gas index jumped 1.32% to 12,734.00. The index dropped 6.80% in the past seven trading sessions.
Oil & Natural Gas Corporation (up 2.17%), Castrol India (up 2.11%), Indian Oil Corporation (up 1.83%), Petronet LNG (up 1.48%), Bharat Petroleum Corporation (up 1.09%), Reliance Industries (up 0.86%), Mahanagar Gas (up 0.66%), Hindustan Petroleum Corporation (up 0.66%) and GAIL (India) (up 0.65%) advanced.
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On the other hand, Aegis Logistics (down 2.73%), Gujarat Gas (down 0.95%) and Indraprastha Gas (down 0.79%) edged lower.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.06% to 6.947 as compared with previous close 6.943.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.9850, compared with its close of 83.9900 during the previous trading session.
MCX Gold futures for 4 October 2024 settlement grew 0.07% to Rs 71,967.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.07% to 101.72.
The United States 10-year bond yield added 0.61% to 3.673.
In the commodities market, Brent crude for November 2024 settlement gained 83 cents or 1.18% to $71.44 a barrel.
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