In early afternoon trading, the Indian stock market showed mixed trends with the S&P BSE Sensex down by 38.11 points to 76,977.96 and the Nifty 50 index up by 16.90 points to 24,051.70. Realty shares rebounded, with the Nifty Realty index climbing 0.94% to 808.80 after a decline in the previous session. The broader market outperformed the frontline indices, with the BSE 150 MidCap Index increasing by 0.97% and the BSE 250 SmallCap Index rising by 0.84%. Market breadth was strong, with 2,425 shares advancing against 1,557 shares declining on the BSE. The HSBC India Services PMI Business Activity Index rose to 58.8, reflecting robust growth in the services sector, driven by increased domestic demand and a shift from international suppliers amid geopolitical tensions. Stocks like Caplin Point Laboratories and SRF saw notable gains, with Caplin Point rising 4% following FDA approval for a new drug and SRF jumping 7.71% after reporting a 10.6% increase in net profit for Q4 FY26.