At 12:30 IST, the barometer index, the S&P BSE Sensex was up 112.15 points or 0.14% to 79,914.94. The Nifty 50 index added 56.65 points or 0.23% to 24,187.75.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.61% and the S&P BSE Small-Cap index rallied 0.70%.
The market breadth was strong. On the BSE, 2,372 shares rose and 1,541 shares fell. A total of 195 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.74% to 14.89. The Nifty 26 December 2024 futures were trading at 24,300.85, at a premium of 113.1 points as compared with the spot at 24,187.75.
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The Nifty option chain for the 26 December 2024 expiry showed a maximum Call OI of 46.5 lakh contracts at the 25,000 strike price. Maximum Put OI of 56 lakh contracts was seen at 24,000 strike price.
Buzzing Index:
The Nifty Realty index rose 1.65% to 1,036.95. The index shed 0.51% in the past trading session.
Phoenix Mills (up 3.41%), Macrotech Developers (up 2.98%), Godrej Properties (up 2.48%), Oberoi Realty (up 1.38%), DLF (up 0.54%), Brigade Enterprises (up 0.46%), Prestige Estates Projects (up 0.23%), and Mahindra Lifespace Developers (up 0.11%) advanced.
On the other hand, Sobha (down 1.32%) and Raymond (down 0.53%) edged lower.
Stocks in Spotlight:
Bajaj Auto rose 0.65% after the two-wheeler major reported a 5% increase in total auto sales to 4,21,640 units in November 2024 as against 4,03,003 units in November 2023.
Maruti Suzuki India added 2.27% after the companys total sales rose 10.39% to 181,531 units in November 2024 as against 164,439 units sold in November 2023.
Hero Motocorp shed 0.29% after its total sales declined 6.36% to 459,805 units in November 2024 as compared with 491,050 units in November 2023.
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