The key equity barometers traded with notable gains in morning trades. Nifty moved in a range of 25424-25264. Nifty PSU Bank, Nifty Bank and Nifty Auto shares advanced, while Nifty Pharma and Nifty Healthcare Index shares fell.

NIFTY had edged up 0.23% in last session and jumped 11.21% over last one-week.

At 12:15 IST, the barometer index, the S&P BSE Sensex, rose 1076.63 points or 1.33% to 82,183.28. The Nifty 50 index climbed 330.15 points or 1.32% to 25,374.80.

The broader market lagged behind the frontline indices. The BSE 150 MidCap Index gained 1.35% and the BSE 250 SmallCap Index posted strong gains of 1.54%.

The market breadth was positive. On the BSE, 3588 shares advanced and 1441 shares declined. A total of 237 shares were unchanged.

Nifty PSU Bank index registered sharp gains of 3.68% to 9233. The index has added 9.59% in last one month and inched up 6.77% over last one year. Pun. & Sind Bank, rising 5.19%, led the gainers followed by Bank of Baroda, strengthening 5.10% and Punjab Natl.Bank, up 4.58%, respectively. All 12 constituents are advancing today.

Nifty Bank index rose 2.47% to 61218. The index has gained 8.12% in last one month and added 3.11% over last one year. Bank of Baroda, moving higher 5.10%, led the gainers followed by Federal Bank, adding 4.63% and Punjab Natl.Bank, edging up 4.58%, respectively. Out of 14 index constituents, 13 are reporting gains today.

Nifty Pharma index inched down 0.75%. The index has recorded robust gains of 11.30% in last one month and spiked 29.12% over last one year. Divi's Lab., down 2.86%, led the losers followed by Alkem Lab, slipping 1.87% and Aurobindo Pharma, losing 1.41%, respectively. Out of 20 index constituents, 15 are reporting loss today.

Asian markets posted modest gains on Wednesday. China’s Shanghai composite is ahead by 0.50%, Hong Kong’s Hang Seng is lower by 0.75%. Japan’s Nikkei 225 is firmly higher by 1.31%.

In Europe, German DAX moved up 0.22%, UK’s FTSE 100 edged lower 0.29% and French CAC inched higher 0.55%.

In Commodities, MCX Gold ticked up 0.83% to trade at Rs 1,40,481 per 10 grams. MCX Copper posted modest gains of 0.72% to trade at Rs 1,337.90 per kg.