The key equity barometers traded with sharp gains in morning trades. Nifty moved in a range of 24442-24296. Nifty Auto, Nifty Financial Services and Nifty Private Bank shares advanced, while Nifty Media shares retreated.

NIFTY edged up 0.63% in last session and recorded robust gains of 6.23% over last one-week.

At 12:15 IST, the barometer index, the S&P BSE Sensex, soared 1620.50 points or 2.10% to 78,921.90. The Nifty 50 index registered sharp gains of 448.95 points or 1.87% to 24,409.55.

The broader market lagged behind the frontline indices. The BSE 150 MidCap Index surged 1.82% and the BSE 250 SmallCap Index rose 1.15%.

The market breadth was well-supported. On the BSE, 3673 shares gained and 1324 shares fell. A total of 219 shares were unchanged.

Nifty Auto index jumped 3.29% to 27378. The index has moved higher by 4.26% in last one month and posted modest losses of 0.40% over last one year. Ashok Leyland, surging 10.58%, led the gainers followed by Tata Motors PVeh, strengthening 5.21% and Maruti Suzuki, adding 4.93%, respectively. All 15 constituents are advancing today.

Nifty Financial Services index surged 3.14% to 26385. The index has posted modest gains of 3.75% in last one month and moved lower by 5.94% over last one year. Bajaj Finance, advancing 6.26%, led the gainers followed by Cholaman.Inv.&Fn, rising 6.15% and Shriram Finance, climbing 6.08%, respectively. All 20 constituents are advancing today.

Nifty Media index retreated 1.03%. The index has gained 9.62% in last one month and climbed 11.62% over last one year. Prime Focus, retreating 5.77%, led the losers followed by Saregama India, easing 2.39% and Tips Music, down 1.79%, respectively. Out of 10 index constituents, 8 are reporting loss today.

Asian markets rose on Thursday. China’s Shanghai composite is marginally lower by 0.13%, Hong Kong’s Hang Seng is significantly higher by 3.63%. Japan’s Nikkei 225 is significantly lower by 1.79%.

In Europe, German DAX eased 0.23%, UK’s FTSE 100 added 1.79% and French CAC added 1.96%.

In Commodities, MCX Gold inched up 1.15% to trade at Rs 1,43,254 per 10 grams. MCX Crude oil registered heavy losses of 2.04% to trade at Rs 8,402 per barrel.