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Realty stocks extended their rally for a third straight trading session.
At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 358.64 points or 0.42% to 85,544.61. The Nifty 50 index climbed 108.45 points or 0.41% to 26,255.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.68% and the S&P BSE Small-Cap index gained 0.67%.
The market breadth was strong. On the BSE, 2,575 shares rose and 1,272 shares fell. A total of 203 shares were unchanged.
Economy:
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) – a single-figure indicator of sector performance – fell from 56.6 in November to 55.0 in December, signalling the weakest improvement in the health of the sector in two years. Amid a general lack of pressure on operating capacities, there was only a marginal increase in factory employment during December.
Buzzing Index:
The Nifty Realty index climbed 1.42% to 897.90. The index jumped 3.23% for the three consecutive trading sessions.
Godrej Properties (up 2.31%), Oberoi Realty (up 1.95%), DLF (up 1.83%), Anant Raj (up 1.57%) and Sobha (up 1.5%), Phoenix Mills (up 1.27%), Lodha Developers (up 1.2%), Prestige Estates Projects (up 1.1%), SignatureGlobal India (up 0.21%) and Brigade Enterprises (up 0.09%) advanced.
Stocks in Spotlight:
ACME Solar Holdings rose 0.78%. The company announced the incorporation of a wholly owned subsidiary, ACME Greentech Eighteen, to strengthen its presence in the renewable energy segment.
Remsons Industries rallied 3.89% after the company has secured a Rs 60-crore order from a leading domestic commercial vehicle (CV) OEM.
Global Market:
South Korea’s Kospi hit a new record Friday as the Asia markets kicked off the new year on a positive trading note.
Some Asian markets were still closed for the holidays, including Japan and mainland China.
Meanwhile, Singapore’s economy expanded 5.7% year-on-year for the fourth quarter, driven mainly by strong manufacturing growth in the three months through December. The latest reading is faster than the revised 4.3% growth in the previous quarter.
On Wednesday, Prime Minister Lawrence Wong announced in his New Year message that the country had clocked a stronger-than-expected 4.8% expansion for the full year of 2025.
U.S. stock futures were looking up in early Asian hours, with S&P futures up by 0.15% and Nasdaq-100 futures climbing 0.12%. Dow Jones Industrial Average futures were 0.16% higher.
On Wednesday stateside, the S&P 500 dipped 0.74%, while the Nasdaq Composite fell 0.76% and the Dow Jones Industrial Average lost 0.63%.
The contract is for the supply of gear shifters with push-pull cables, with supplies set to begin from Q1 FY27. The order will be executed over a 60-month period, the company said.
The order has been awarded by an Indian entity and is domestic in nature. Remsons Industries added that neither the promoter nor promoter group entities have any interest in the awarding entity, and the transaction does not qualify as a related-party transaction.
The companys’s consolidated net profit jumped 29.7% to Rs 4.06 crore in Q2 FY26 as against Rs 3.13 crore in Q2 FY25. Revenue from operations rose 26.6% year on year to Rs 115.59 crore in Q2 FY26 over Q2 FY25.