The Nifty traded near the 23,900 level. Consumer Durables shares extended gains for second consecutive trading session.

At 12:28 IST, the barometer index, the S&P BSE Sensex soared 919.58 points or 1.22% to 76,447.53. The Nifty 50 index soared 278.65 points or 1.18% to 23,899.90.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 1.68% and the BSE 250 SmallCap Index added 1.68%.

The market breadth was strong. On the BSE, 3,187 shares rose and 1,026 shares fell. A total of 240 shares were unchanged.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.6600 compared with its previous close of 95.1800 during the previous trading session.

In the commodities market, Brent crude for August 2026 settlement fell $3.84 or 4.40% to $83.49 a barrel.

Economy :

India's wholesale price inflation hit 9.68% on year in May from 8.30% in April, as higher fuel, food and manufacturing costs continued to push up prices across the economy. The latest Wholesale Price Index (WPI) data, released by the Ministry of Commerce and Industry on Monday, marks the first inflation reading under the revised WPI series, with the base year updated to 2022-23 from 2011-12. The wholesale Food price inflation also edged higher to 4.49% in May from 3.11% in the previous month. Across Major Groups, YoY inflation for Primary Articles, Fuel and Power, and Manufactured Products is 4.99%, 30.33%, and 7.48%, respectively in May 2026, whereas it was 3.78%, 24.89%, and 6.68%, respectively, in April 2026. Government also stated that All India Output Produce Price Index or PPI for All Commodities for May 2026 stands at 109.6, compared to 108.6 in April 2026.

India's wholesale price inflation (WPI) rose to 9.68% in May, compared with 8.30% in the previous month, according to government data released under the new WPI series.

Food inflation stood at 4.49% in May, up from 3.11% in the previous month, while fuel and power inflation surged to 30.33% from 24.89%.

Manufactured products inflation rose to 7.48%, compared with 6.68% earlier, while primary articles inflation increased to 4.99% from 3.78% in the previous month.

Derivatives :

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.85% to 14.15. The Nifty 30 June 2026 futures were trading at 23,938 at a premium of 38.1 points as compared with the spot at 23,899.90.

The Nifty option chain for the 30 June 2026 expiry showed a maximum call OI of 89.4 lakh contracts at the 25,000 strike price. Maximum put OI of 53.5 lakh contracts was seen at a 24,000 strike price.

Buzzing Index:

The Nifty Consumer Durables index rose 2.85% to 35,978.20. The index jumped 5.29% in the two consecutive trading sessions.

Kalyan Jewellers India (up 10.41%), Voltas (up 4.56%), Crompton Greaves Consumer Electricals (up 3.63%), Dixon Technologies (India) (up 3.51%), Blue Star (up 3.04%), Whirlpool of India (up 2.9%), Bata India (up 2.72%), Kajaria Ceramics (up 2.7%), Havells India (up 2.37%) and Titan Company (up 2.11%) added.

Stocks in Spotlight:

CWD added 2.81% after the company announced its forway into the walkie-talkie segment and expects ongoing capacity ramp-up and order execution to support a potential quarterly revenue run-rate of ₹95-100 crore in FY27.

Shriram Properties rose 3.18% after the company signed a joint development agreement (JDA) for a 9.1-acre land parcel at Doddagubbi in North-East Bengaluru.

DCB Bank rallied 3.17% after the bank announced the appointment of Pushan Mahapatra as Non-Executive Part-Time Chairman, effective from the date of RBI communication dated 12 June 2026, till 9 March 2029.

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