Indian equity benchmarks were trading with modest gains in Thursday’s afternoon session, supported by buying across key sectors. The BSE Sensex was quoting at 83,612.75, up 203 points or 0.24 per cent, while the NSE Nifty50 was at 25,503.35, up 49.95 points or 0.2 per cent at around 12 noon.

On the sectoral front, strong buying interest was seen in IT, FMCG, metal, pharma, and oil & gas stocks, lending support to the broader market.

Among individual stocks, HDB Financial Services share price jumped as much as 6 per cent, continuing its post-listing rally. The stock hit an intra-day and all-time high of ₹891.65 on the BSE, one day after its stock market debut. At 11:34 AM, the scrip was trading 3.67 per cent higher at ₹871.80. Volume activity remained strong, with 2.14 million shares traded on BSE and 21.4 million on NSE by the same time.

Brokerage firm Emkay Global Financial Services initiated coverage on HDB Financial with a ‘Buy’ rating and a target price of ₹900, further supporting bullish sentiment.

In the SME space, the Crizac IPO saw a lukewarm response, with the B2B education platform’s public offer subscribed 1.01 times as of 11:30 AM, according to NSE data. The issue opened for subscription on July 2 and closes soon.

Meanwhile, NACL Industries shares were locked in the 5 per cent upper circuit at ₹252.20 on the BSE. The pesticides and agrochemicals stock has now hit the upper circuit for the seventh straight session, surging 40 per cent in this period. Over the last five months, the stock has zoomed 353 per cent, rising from ₹55.72 in February to fresh highs.