Nifty holds above 23,250 level; European shares trade mostly in green

The benchmark indices traded near the day's high in afternoon trade, tracking positive cues from Asian markets as the recent rally in crude oil prices paused. Investors remained cautious ahead of the US Federal Reserves policy meeting later today. The Nifty surged above the 23,250 mark, indicating some recovery in market sentiment.

At 13:21 IST, the barometer index, the S&P BSE Sensex jumped 425.42 points or 0.57% to 74,429.24. The Nifty 50 index added 141.90 points or 0.61% to 23,260.50.

In the broader market, the BSE 150 MidCap Index rose 0.19% and the BSE 250 SmallCap Index shed 0.06%.

The market breadth was negative. On the BSE, 1,832 shares rose and 2,320 shares fell. A total of 271 shares were unchanged.