Mumbai, July 10 -- Benchmark equity indices rallied sharply on Friday, with the Nifty closing above the 24,200 mark, supported by broad-based buying across sectors. Mid- and small-cap stocks also advanced, while all NSE sectoral indices ended higher except the Nifty FMCG index. State-run Indian Bank surged over 10%, leading gains in the Nifty PSU Bank index, while IT stocks rallied after TCS reported better-than-expected June quarter earnings and signalled improving demand. Investor sentiment was further lifted by positive global cues as concerns over a broader Middle East conflict eased. Lower crude oil prices, a firmer rupee and a decline in the India VIX added to the positive momentum.

The S&P BSE Sensex jumped 827.57 points or 1.08% ...