INDICES TRADE HIGHER; REALTY SHARES ADVANCE

The key equity barometers traded with significant gains in the early afternoon trade as inflation eased to a five-month low, according to data released by the government. The Nifty hovered above the 23,150 mark after hitting the day`s low of 22,992.20 in early trade. Realty shares jumped after declining for the past three trading sessions. Trading was volatile due to the weekly Nifty 50 F&O series expiry today.

At 12:30 IST, the barometer index, the S&P BSE Sensex, gained 464.23 points or 0.61% to 76,635.31. The Nifty 50 index added 151.85 points or 0.66% to 23,197.10.

In the broader market, the S&P BSE Mid-Cap index jumped 1.03%, and the S&P BSE Small-Cap index rallied 0.61%.

The market breadth was strong. On the BSE, 2,397 shares rose and 1,366 shares fell. A total of 139 shares were unchanged.

Derivatives:

The NSE`s India VIX, a gauge of the market`s expectation of volatility over the near term, fell 1.91% to 14.61. The Nifty 27 February 2025 futures were trading at 23,275, at a premium of 77.9 points as compared with the spot at 23,197.10.

The Nifty option chain for the 27 February 2025 expiry showed a maximum call OI of 57.7 lakh contracts at the 24,000 strike price. Maximum put OI of 58.8 lakh contracts was seen at 23,000 strike price.

Buzzing Index:

The Nifty Realty index advanced 1.41% to 851.20. The index dropped 7.25% in the previous three consecutive trading sessions.

Godrej Properties (up 5.04%), Prestige Estates Projects (up 2.07%), DLF (up 1.98%), Brigade Enterprises (up 1.3%), Raymond (up 1.03%), Sobha (up 0.4%) and Macrotech Developers (up 0.28%) advanced.

On the other hand, Mahindra Lifespace Developers (down 1.56%), Oberoi Realty (down 0.16%) and Phoenix Mills (down 0%) edged lower.

Stocks in Spotlight:

Natco Pharma tanked 17.95% after the company�s consolidated net profit declined 37.75% to Rs 132.4 crore on 37.41% drop in revenue from operations to Rs 474.8 crore in Q3 FY25 over Q3 FY24.

Godawari Power and ISPAT declined 1.99% after the company`s consolidated net profit dropped 36.85% to Rs 144.78 crore on 0.86% decrease in revenue from operations to Rs 1,297.60 crore in Q3 FY25 over Q3 FY24.

NIBE tumbled 7.96% after the company�s consolidated net profit declined 56.23% to Rs 1.93 crore in Q3 FY25 as against Rs 4.41 crore posted in Q3 FY24. Revenue from operations was at Rs 148.68 crore in Q3 FY25, zoomed 137.16% as against Rs 62.69 crore posted in same quarter last year.

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