Mumbai, Oct. 23 -- The key equity indices traded with major gains in the mi-morning trade, supported by robust quarterly earnings and renewed optimism over festive season demand. Investor sentiment was further lifted by recent tax cuts and policy measures, fueling expectations that corporate profits will strengthen in the second half of FY26.

The Nifty traded near the 26,050 mark. Private bank shares advanced after ending falt in the previous trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, surged 630.40 points or 0.75% to 85,056.78. The Nifty 50 index jumped 181.51 points or 0.70% to 26,050.15.

In the broader market, the S&P BSE Mid-Cap index rose 0.40% and the S&P BSE Small-Cap index shed 0.09%.

The market bre...