The frontline indices traded in a narrow range with modest gains in mid-morning trade. The Nifty hovered above the 22,450 mark. Consumer durables shares witnessed buying demand for the fourth day in a row.

At 11:30 IST, the barometer index, the S&P BSE Sensex jumped 342.47 points or 0.46% to 74,077.67. The Nifty 50 index added 93.55 points or 0.42% to 22,461.55.

The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.72% and the S&P BSE Small-Cap index gained 0.97%.

The market breadth was strong. On the BSE, 2,428 shares rose and 1,156 shares fell. A total of 150 shares were unchanged.

IPO Update:

The initial public offer (IPO) of JNK India received 72,69,948 bids for shares as against 1,10,83,278 shares on offer, according to sto...

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  (01-Jan-16 08:45)

  Market may edge higher in early trade
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  (01-Jan-16 08:55)

  Metal stocks may slide on weak Chinese data
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  (01-Jan-16 09:34)

  Market drops in early trade
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  (01-Jan-16 10:17)

  Strong market breadth