At 12:30 ST, the barometer index, the S&P BSE Sensex, rallied 654.51 points or 0.79% to 83,259.94. The Nifty 50 index rose 203.80 points or 0.80% to 25,527.35.

In the broader market, the S&P BSE Mid-Cap index advanced 0.34% and the S&P BSE Small-Cap index rose 0.44%.

The market breadth was positive. On the BSE, 2,354 shares rose and 1,686 shares fell. A total of 167 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was rose 1.37% to 10.68.

Gainers & Losers:

Nestle India (up 3.88%), Titan Company (up 2.56%), Kotak Mahindra Bank (up 2.36%), Axis Bank (up 1.98%) and Adani Ports and Special Economic Zone (up 1.88%) were the major Nifty50 gainers.

HDFC Life Insurance Company (down 1.96%), Shriram Finance (down 1.09%), SBI Life Insurance Company (down 0.75%), Infosys (down 0.59%) and Sun Pharmaceutical Industries (down 0.40%) were the major Nifty50 losers.

Stocks in Spotlight:

Rossari Biotech rose 2.33% after the company's consolidated net profit increased 4.35% year-on-year (YoY) to Rs 36.88 crore in Q2 FY26, compared to Rs 35.33 crore posted in Q2 FY25. Revenue from operations jumped 17.61% YoY in the second quarter of FY26, compared to Rs 498.35 crore in the corresponding quarter of the previous year.

Quick Heal Technologies added 3.44% after the company's consolidated net profit soared 90.6% to Rs 7.91 crore on a 13.65% jump in revenue from operations to Rs 83.52 crore in Q2 FY26 over Q2 FY25.

Muthoot Capital Services fell 6.55% after the company reported an 80% drop in net profit to Rs 3.31 crore in Q2 FY26 from Rs 16.27 crore posted in Q2 FY25. Total revenue from operations added up to Rs 153.54 crore in the September '25 quarter, up 41% YoY.

Global Markets:

European stocks slipped lower Thursday, continuing the choppy week as investors digested the French political unrest as well as U.K. growth data.

The UK economy grew by 0.3% in the second quarter, down from 0.7% seen in the first quarter.

Asian markets traded higher, led by South Korea's Kospi index, which touched a record high during the session.

The International Monetary Fund (IMF) raised its 2025 growth forecast for South Korea to 0.9% from 0.8% in its October outlook, while also upgrading its projection for global economic growth.

The IMF said the impact of U.S. tariffs remained 'at the modest end of the range,' citing the private sector's agility in front-loading imports and reorganizing supply chains, the signing of new U.S. trade deals, and the overall openness of the global trading system as key supporting factors.

In the U.S., equity futures were largely steady in early Asian hours after major banks reported better-than-expected earnings, even as the government shutdown extended into its third week and trade tensions with China persisted.

Overnight, the Dow Jones Industrial Average slipped 17.15 points, or 0.04%, to 46,253.31. The S&P 500 rose 0.4% to 6,671.06, while the Nasdaq Composite advanced 0.7% to 22,670.08.

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