Mumbai, Jan. 27 -- The equity benchmarks registered modest gains in a volatile trading session after India and the European Union reached a landmark free trade agreement (FTA), ending 18 years of prolonged negotiations. Investor sentiment was also shaped by anticipation ahead of the Union Budget 2026. The Nifty settled above the 25,150 mark.

Gains were led by metal, PSU bank, and private bank stocks, while media, auto, and FMCG shares declined.

As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 319.78 points or 0.39% to 81,857.48. The Nifty 50 index added 126.75 points or 0.51% to 25,175.40.

In the broader market, the S&P BSE Mid-Cap index rose 0.44%, while the S&P BSE Small-Cap index fell 0.03%.

The marke...