At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 767.50 points or 1% to 77,824.58. The Nifty 50 index added 208.75 points or 0.89% to 23,645.95.

In the broader market, the S&P BSE Mid-Cap index advanced 0.30% and the S&P BSE Small-Cap index rose 0.61%.

The market breadth was strong. On the BSE, 2,447 shares rose and 1,304 shares fell. A total of 193 shares were unchanged.

Derivatives :

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.23% to 16.22. The Nifty 24 April 2025 futures were trading at 23,663.70, at a permium of 17.75 points as compared with the spot at 23,645.95.

The Nifty option chain for the 30 April 2025 expiry showed a maximum call OI of 8.2 lakh contracts at the 23,500 strike price. A maximum put OI of 7.8 lakh contracts was seen at a 23,000 strike price.

Buzzing Index:

The Nifty Private Bank index rose 1.12% to 26,852.75. The index jumped 7.4% in the four trading sessions.

ICICI Bank (up 2.43%), HDFC Bank (up 1.06%), Axis Bank (up 1.04%), IndusInd Bank (up 0.9%), Yes Bank (up 0.9%), Kotak Mahindra Bank (up 0.47%), Bandhan Bank (up 0.15%) and IDFC First Bank (up 0.11%) surged.

Stocks in Spotlight:

RMC Switchgears hit a lower circuit of 2% after the company informed that Anand Chaturvedi has tendered his resignation from the post of chief financial officer (CFO), effective from 16 April 2025.

Reliance Industrial Infrastructure rose 0.96%. The company's consolidated net profit gained 16.78% to Rs 32 crore in Q4 FY25 as against Rs 27.40 crore in Q3 FY25. Total income rose 1.82% to Rs 189.40 crore in Q4 FY25 over Q3 FY25. PBT rose 0.93% to Rs 32.50 crore in Q4 FY25 over Q3 FY25.

Waaree Renewable Technologies soared 9.43% after the company's consolidated net profit surged 82.72% to Rs 93.81 crore in Q4 FY25 as against Rs 51.34 crore posted in Q4 FY24. Revenue from operations jumped 74.37% year-on-year (YoY) to Rs 476.58 crore in the quarter ended 31 March 2025.

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