In early afternoon trading, Indian equity benchmarks showed robust growth, with the S&P BSE Sensex climbing 1.32% to 77,900.90 and the Nifty 50 index rising 1.31% to 24,309. This positive momentum was fueled by strong earnings reports and an optimistic outlook regarding the resolution of the ongoing conflict in the Middle East. The Nifty FMCG index also experienced a rebound, advancing 1.96% to 51,879.50 after a previous decline. Notable performers included ITC, Emami, and Hindustan Unilever, all of which saw significant gains. In the broader market, the BSE 150 MidCap Index rose 0.80%, while the BSE 250 SmallCap Index surged 1.02%. The market breadth was favorable, with 2,498 shares rising against 1,515 shares that fell. Additionally, the NSE's India VIX, which measures market volatility, dropped 6.30% to 16.91, indicating reduced investor uncertainty. Shyam Metalics and Energy announced a strategic growth expansion program worth ₹2,700 crore, while CEAT reported a more than two-fold increase in net profit for Q4 FY26, further boosting investor confidence.