Indian equity benchmarks were trading higher at midday on February 9, supported by gains across banking, metals, automobiles, and select large-cap stocks. The Nifty 50 was up 0.56% at 25,838.65, while the Sensex gained 0.49% to trade at 83,987.59. Bank Nifty outperformed with a rise of 0.86%, reflecting buying interest in frontline banking stocks.
Among Nifty 50 constituents, State Bank of India emerged as the top gainer, trading at ₹1,136.5, up 6.6% in midday deals. The stock led gains within the banking pack and contributed meaningfully to the broader index move.
Shriram Finance was trading at ₹1,032.7, higher by 3.0%, continuing its upward momentum in financial services stocks.
Auto stocks also featured among gainers, with Tata Motors trading at ₹379.2, up 2.6% during midday trade.
In the metals space, Tata Steel rose 2.6% to ₹202.1, while Hindalco Industries was up 2.5% at ₹966.3, tracking gains across metal stocks.
Defence and infrastructure-linked stocks also saw buying interest. Bharat Electronics traded at ₹437.8, higher by 1.9%, while Grasim Industries advanced 1.9% to ₹2,889.9.
In the consumer discretionary segment, Titan was trading at ₹4,216.3, up 1.8%.
Pharmaceutical stocks showed mild strength, with Dr. Reddy’s Laboratories gaining 1.8% to ₹1,263.6.
Among conglomerates, Adani Enterprises was trading at ₹2,261.6, up 1.6% at midday.
Overall, gains were spread across multiple sectors, with banking and metals leading the upside in Nifty 50 stocks during the first half of the trading session.