In mid-morning trade, the Nifty 50 index climbed 108 points to reach 24,461.40, while the S&P BSE Sensex jumped 289 points to 78,782.54. The rise comes despite investor caution over renewed conflicts in the Middle East, particularly involving Iran and the U.S. The Nifty PSU Bank index experienced a notable increase of 1.70%, driven by strong performances from major banks such as State Bank of India, which rose by 3.68%. The broader market showed mixed results, with the BSE 150 MidCap Index gaining 0.31% and the BSE 250 SmallCap Index increasing by 0.27%. However, market breadth was negative, with 2,084 shares declining against 2,034 shares that advanced. The NSE's India VIX, a measure of market volatility, surged by 4.85% to 17.80. On the global front, Asian markets traded mostly higher, although tensions in the Middle East continue to weigh on investor sentiment, particularly after recent military engagements between the U.S. and Iranian vessels.