Indian equity benchmarks were trading higher in the early afternoon session on Tuesday, buoyed by a global rally as geopolitical tensions in West Asia eased following a fragile ceasefire between Israel and Iran.

At 12:46 PM, the BSE Sensex surged 565.89 points (0.69 per cent) to Rs 82,621.00, while the Nifty 50 climbed 154.45 points (0.62 per cent) to Rs 25,198.80, crossing the 25,200 mark for the first time in the session.

The broader markets also reflected positive sentiment. The BSE Mid-Cap index rose by 0.33 per cent, while the Small-Cap index gained 1.30 per cent. Market breadth remained strong with 2,869 stocks advancing, 946 declining, and 175 remaining unchanged on the BSE.

Market volatility continued to ease, with the India VIX — a key indicator of short-term market volatility — declining 2.54 per cent to 13.69.
The Nifty 26 June 2025 futures were trading at Rs 25,313.80, reflecting a premium of 32.35 points over the spot level of Rs 25,281.45.

In the options segment, maximum call open interest was seen at the 26,000 strike price with 149.5 lakh contracts, while the 25,000 strike recorded the highest put open interest at 133 lakh contracts — suggesting potential support at that level.

The Nifty IT index remained in focus, rising 1.22 per cent to Rs 38,888.30, extending its three-session rally to 3.75 per cent.

1) Mphasis Ltd (up 2.09 per cent)

2) LTIMindtree Ltd (up 1.63 per cent)

3) Tech Mahindra Ltd (up 1.58 per cent)

4) Infosys Ltd (up 1.45 per cent)

5) HCL Technologies Ltd (up 1.05 per cent)

Other notable contributors were Coforge Ltd, Wipro Ltd, Tata Consultancy Services Ltd, Oracle Financial Services Software Ltd, and Persistent Systems Ltd, all trading in the green.