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At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 43.68 points or 0.06% to 76,783.23. The Nifty 50 index added 24 points or 0.10% to 23,352.55.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 0.57% and the S&P BSE Small-Cap index rallied 0.91%.
The market breadth was strong. On the BSE, 2,575 shares rose and 1,177 shares fell. A total of 172 shares were unchanged.
Derivatives :
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.96% to 15.62. The Nifty 24 April 2025 futures were trading at 23,349.70, at a discount of 2.85 points as compared with the spot at 23,352.55.
The Nifty option chain for the 30 April 2025 expiry showed a maximum call OI of 9.6 lakh contracts at the 24,000 strike price. A maximum put OI of 6.3 lakh contracts was seen at a 23,000 strike price.
Buzzing Index:
The Media index rose 0.99% to 1,563.85. The index jumped 5.72% in three trading sessions.
Zee Entertainment Enterprises (up 3.2%), Network 18 Media & Investments (up 2.06%), Tips Music (up 1.99%), D B Corp (up 1.83%), Hathway Cable & Datacom (up 1.35%), Dish TV India (up 0.88%), Nazara Technologies (up 0.33%) and PVR Inox (up 0.13%) advanced.
Stocks in Spotlight:
Indraprastha Gas (IGL) slipped 2.12% after the company disclosed a reduction in its domestic gas allocation, a move that is expected to impact its profitability. It has received a communication from GAIL (India), the nodal agency for domestic gas distribution, stating that its allocation of domestic natural gas for the supply of piped natural gas (PNG) to households and compressed natural gas (CNG) for vehicles has been reduced by approximately 20%, effective 16 April 2025.
Unicommerce Esolutions added 1.77%. The company announced the resignation of Bhupinder Garg as chief technical officer (CTO) of the company due to personal reasons, with effect from 15 April 2025.
Prozone Realty hit an upper circuit of 2% after the company announced that its board has approved the acquisition of 100% equity shares of Probliss Realty. It will invest Rs 1 lakh to acquire 10,000 equity shares of Rs 10 each at par in Probliss Realty, a private entity incorporated on 24 November 2022, with a paid-up share capital of Rs 1 lakh.
Probliss Realty operates in the construction, development, and real estate business. The purpose of the acquisition is to utilize the company for prospective projects or future business opportunities.
The company stated that the acquisition will be completed within 10 days, after which Prozone Realty will hold 100% shareholding, making Probliss a wholly-owned subsidiary.
Probliss has an authorized capital of Rs 10 lakh, divided into 1,00,000 equity shares of Rs 10 each. Following the transfer of shares, Probliss will fall under the definition of a related party. However, the proposed transaction is being executed on an arm’s-length basis, the company clarified.
The official announcement was made on 15 April 2025, after market hours.
Prozone Realty (formerly Prozone Intu Properties) was established with the objective of creating, developing, and managing world-class regional shopping centers and associated mixed-use developments across India. The company holds a fully paid-up land bank of 15.32 million sq. ft. in prime locations across the country. Of this, approximately 2.1 million sq. ft. has been developed to date, with over 13.22 million sq. ft. currently under development.
The company reported a consolidated net profit of Rs 0.80 crore in Q3 FY25 as against a net loss of Rs 0.50 crore posted in Q3 FY24. Revenue from operations rose 8.4% YoY to Rs 44.85 crore recorded in the quarter ended 31 December 2024.
As of 16 April 2025, the company’s market capitalization stood at Rs 507.40 crore on the BSE.