The key benchmark indices traded with small gains in mid-afternoon trade. The Nifty traded above the 19,650 mark after hitting the day's low of 19,554 in mid-morning trade. PSU Bank shares advanced after declining for the past trading session.

At 14:25 IST, the barometer index, the S&P BSE Sensex, was up 84.02 points or 0.13% to 66,029.49. The Nifty 50 index added 23.70 points or 0.12% to 19,688.40.

The broader market outperformed the headline indices. The S&P BSE Mid-Cap index rose 0.66% while the S&P BSE Small-Cap index gained 0.60%.

The market breadth was positive. On the BSE, 1,925 shares rose and 1,659 shares fell. A total of 162 shares were unchanged.

Buzzing Index:

The Nifty PSU Bank index rose 1.10% to 5,247.10. The index had declined 0.64% in the past session.

Punjab National Bank (up 2.27%), Union Bank of India (up 2.26%), UCO Bank (up 1.3%), Canara Bank (up 1.2%) and Bank of Maharashtra (up 1.18%) were the top gainers.

Among the other gainers were Bank of Baroda (up 1.03%), Indian Bank (up 1.02%), Punjab & Sind Bank (up 0.66%), Central Bank of India (up 0.2%) and Bank of India (up 0.18%).

Number to Track:

The yield on India's 10-year benchmark federal paper added 0.18% to 7.159 from its previous close of 7.146.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.21, compared with its close of 83.2800 during the previous trading session.

MCX Gold futures for 5 October 2023 settlement declined 0.31% to Rs 58,250.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.03% to 106.20.

The United States 10-year bond yield slipped 1.19% to 4.509.

In the commodities market, Brent crude for November 2023 settlement advanced 66 cents or 0.70% to $94.62 a barrel.

Stocks in Spotlight:

Sun Pharmaceutical Industries rose 1.35% after the company's wholly owned subsidiary, Sun Pharma Canada launched Winlevi (clascoterone cream 1% w/w) in Canada.

Apollo Hospitals Enterprise rose 0.85%. The company's wholly owned subsidiary, Apollo Multispecialty Hospitals has acquired the assets relating to a partially built hospital in Sonapur, Kolkata with a total capacity of 325 beds. The company has acquired assets for total consideration of Rs 102 crore.

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