PSU bank shares fell after advancing in the past two trading sessions.

At 12:25 IST, the barometer index, the S&P BSE Sensex jumped 145.72 points or 0.17% to 85,755.23. The Nifty 50 index surged 18.95 points or 0.08% to 26,224.85.

The Nifty 50 and the Sensex hit fresh all-time highs in morning trade at 26,306.95 and 86,026.18, respectively, while the Bank Nifty also scaled a new record high of 59,804.65.

In the broader market, the S&P BSE Mid-Cap index shed 0.21% and the S&P BSE Small-Cap index fell 0.28%.

The market breadth was almost even. On the BSE,1,960 shares rose and 1,950 shares fell. A total of 219 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.37% to 12.13. The Nifty 30 December 2025 futures were trading at 26,403.10, at a premium of 178.25 points as compared with the spot at 26,224.85.

The Nifty option chain for the 30 December 2025 expiry showed a maximum call OI of 62.4 lakh contracts at the 26,000 strike price. Maximum put OI of 77 lakh contracts was seen at 26,000 strike price.

Buzzing Index:

The Nifty PSU Bank index declined 0.92% to 8,473.05. The index rose 2.23% in the past two consecutive trading sessions.

Indian Bank (down 3.06%), Bank of India (down 1.83%), Union Bank of India (down 1.35%), Indian Overseas Bank (down 1.04%), State Bank of India (down 0.9%), Punjab & Sind Bank (down 0.76%), Punjab National Bank (down 0.64%), UCO Bank (down 0.61%), Bank of Baroda (down 0.57%) and Bank of Maharashtra (down 0.57%) declined.

Stocks in Spotlight:

Lokesh Machines fell 1.96% after the company announced that it received an order worth Rs 7.96 crore from Kirloskar Oil Engines.

Glenmark Pharmaceuticals rose 0.68%. The U.S. FDA issued a positive establishment inspection report (EIR) with voluntary action indicated (VAI) status for the company's formulations manufacturing facility in Monroe, North Carolina.

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