The headline equity benchmarks traded with significant gains in mid-morning trade. The Nifty scaled above the 22,250 mark. Pharma shares advanced after declining in the past two trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 390.73 points or 0.53% to 73,474.24. The Nifty 50 index added 138.75 points or 0.63% to 22,285.75.

The broader market outperformed the key indices. The S&P BSE Mid-Cap index rose 0.92% and the S&P BSE Small-Cap index added 1.33%.

The market breadth was strong. On the BSE, 2,656 shares rose and 1,016 shares fell. A total of 176 shares were unchanged.

Economy:

The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that Net collections are at Rs. 19.58 lakh crore, compared to ...

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  Strong market breadth