Nifty trades near 23,550; FMCG shares advance; VIX jumps nearly 6%

At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 166.44 points or 0.23% to 77,376.34. The Nifty 50 index rose 48.80 points or 0.21% to 23,549.90.