Equity indices surged on value buying; Nifty reclaimed 24,800, Sensex rose 447 points, led by realty, pharma, and blue-chips.

• Broader markets outperformed; mid-cap and small-cap indices gained 0.84% and 1.10% respectively, with strong market breadth on BSE.
• Volatility eased; India VIX dropped 4.45% to 11.53, signalling renewed investor confidence despite global trade and fund outflow concerns.
• Paradeep Phosphates, Arvind Fashions, and IIFL Capital Services topped gainers; Mazagon Dock and SBI Card declined post weak earnings.