Indian Stock Market Updates: Realty Shares Surge Amid Global Optimism
Sensex, Nifty pare most gains; reatly shares climb
Image: Business Standard
The Indian stock market saw mixed trading, with the S&P BSE Sensex rising by 213.70 points to 75,533.38 and Nifty 50 increasing by 69.45 points to 23,719.40. Realty shares rebounded after previous declines, while the rupee depreciated against the dollar due to rising fuel prices, which saw petrol and diesel rates increase by up to 90 paise per liter.
- 01The S&P BSE Sensex increased by 0.28% while the Nifty 50 rose by 0.29% during mid-morning trade.
- 02The Nifty Realty Index surged by 1.99% after experiencing a decline in the previous sessions.
- 03Indian Oil Corporation's standalone net profit rose by 56.61% to ₹11,377.51 crore in Q4 FY26.
- 04The rupee fell to an all-time intraday low of 96.3850 against the dollar.
- 05Fuel prices increased again, with petrol in Delhi rising to ₹98.64 per liter.
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In mid-morning trading, the Indian stock market showed slight gains, with the S&P BSE Sensex rising 213.70 points to 75,533.38 and the Nifty 50 increasing 69.45 points to 23,719.40. The broader market outperformed the frontline indices, with the BSE MidCap Index up 0.99% and the SmallCap Index up 1.25%. Realty shares made a notable comeback, with the Nifty Realty Index climbing 1.99% after two days of losses. Key players in the real estate sector included Aditya Birla Real Estate and Prestige Estates Projects, both showing significant gains. However, the rupee depreciated against the dollar, reaching an intraday low of 96.3850. This decline coincided with another fuel price hike, with petrol prices in Delhi rising to ₹98.64 per liter. Globally, mixed trading was observed, influenced by geopolitical tensions in West Asia and economic data from Japan, which reported a 2.1% annualized growth in Q1. Investors are closely monitoring developments in the Middle East, particularly regarding U.S.-Iran relations.
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The increase in fuel prices may affect transportation costs and consumer spending, impacting daily expenses for residents.
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