At 14:26 IST, the barometer index, the S&P BSE Sensex, gained 448.87 points or 0.62% to 72,875.51. The Nifty 50 index added 145.25 points or 0.66% to 22,185.95.
In the broader market, the S&P BSE Mid-Cap added 0.65% and the S&P BSE Small-Cap index gained 0.99%.
The market breadth was strong. On the BSE, 2,529 shares rose and 1,396 shares fell. A total of 150 shares were unchanged.
Buzzing Index:
The Nifty FMCG index rose 0.96% to 54,034.10. The index gained 1.33% in the past two trading sessions.
Emami (up 4.45%), United Breweries (up 2.02%), United Spirits (up 1.9%), ITC (up 1.58%), Nestle India (up 1.3%), Tata Consumer Products (up 0.98%), Procter & Gamble Hygiene and Health Care (up 0.78%), Marico (up 0.62%), Varun Beverages (up 0.61%) and Hindustan Unilever (up 0.57%) advanced.
Numbers to Track:
MCX Gold futures for 5 April 2024 settlement rose 0.28% to Rs 62,051.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.11% to 104.18.
The United States 10-year bond yield rose 0.21% to 4.308.
In the commodities market, Brent crude for March 2024 settlement lost 73 cents or 0.87% to $82.74 a barrel.
Stocks in spotlight:
PB Fintech soared 10.30% after its wholly owned subsidiary, Policybazaar Insurance Brokers received approval from IRDAI for upgradation of license to composite insurance broker.
Ramkrishna Forgings jumped 3.99% after the firm announced that it has made an additional investment by way of rights issue in the equity share capital of Ramkrishna Aeronautics (RAPL).
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