In early trade, the Indian equity market showed substantial gains, with the Nifty 50 index trading above the 23,900 mark. The S&P BSE Sensex jumped 527.22 points, or 0.69%, reaching 77,160.92. All sectoral indices, except for IT, were in positive territory, particularly driven by strong gains in media, realty, and auto stocks. The broader market outperformed the frontline indices, with the BSE MidCap Index rising 1.18% and the SmallCap Index soaring 1.39%. Market breadth was strong, with 2,841 shares advancing against 425 shares declining on the BSE. Meanwhile, the NSE's India VIX, which measures market volatility, fell 4.99% to 19.41. Foreign portfolio investors sold shares worth ₹1,711.19 crore, while domestic institutional investors were net buyers, acquiring ₹955.90 crore in shares. Notable stocks included Tata Consultancy Services (TCS), which saw a decline of 1.65%, despite reporting a 2.08% increase in net profit for Q4 FY26. In contrast, Wipro gained 1.60% ahead of a board meeting to discuss a potential buyback of equity shares. Ashiana Housing rose 1.23% after acquiring land in Pune for a new residential project with an estimated sales value of around ₹1,800 crore.