Stock market update: Nifty Realty index advances 1.75%
NEW DELHI: The Nifty Realty index closed on a positive note on Thursday.
ADVERTISEMENT Shares of Sobha Ltd.(up 5.7 per cent), Brigade Enterprises Ltd.(up 3.98 per cent), Prestige Estates Projects Ltd.(up 2.82 per cent), DLF Ltd.(up 2.78 per cent) and Godrej Properties Ltd.(up 2.13 per cent) ended the day as top gainers in the pack.
On the other hand, Phoenix Mills Ltd.(down 1.68 per cent) and Anant Raj Ltd.(down 0.07 per cent) finished as the top losers of the day.
The Nifty Realty index closed 1.75 per cent up at 993.1. Benchmark NSE Nifty50 index ended up 130.71 points at 24750.9, while the BSE Sensex stood up 443.79 points at 81442.04. Among the 50 stocks in the Nifty index, 32 ended in the green, while 18 closed in the red.
ADVERTISEMENT Shares of Vodafone Idea, Reliance Power, Eternal, YES Bank and Suzlon Energy were among the most traded shares on the NSE. Shares of Oricon Enterprises, NDR Auto Components, Welspun Investments, Privi Speciality Chemicals and Welspun Corp hit their fresh 52-week highs in today's trade, while Uma Exports, Navkar Builders, Shree Ram Proteins, Lasa Supergenerics and Axita Cotton hit their fresh 52-week lows.
ADVERTISEMENT
(You can now subscribe to our ETMarkets WhatsApp channel)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hans India
2 hours ago
- Hans India
Nifty, Bank Nifty show bullish pattern, hint at possible breakout: Report
A strong bullish candle shaped as an Inside Bar pattern emerged on the charts of both Nifty and Bank Nifty this week, signalling a return of buying interest from lower levels and reflecting the market's underlying strength, a new report said on Sunday. The pattern, often seen as a sign of consolidation followed by potential breakout, suggests that investor sentiment remains optimistic amid supportive technical indicators and favourable market structure, according to Choice Broking. The Nifty index ended the week on a strong note, closing at 25,112.40 with a weekly gain of 1.59 per cent. The index maintained its position above the crucial psychological level of 25,000, pointing to a sideways-to-bullish momentum in the near term. The price action confirms sustained buying on dips, with traders showing confidence in defending key support zones, the report said. Technically, Nifty remains well-positioned above all its major Exponential Moving Averages (EMAs) -- the 20-week, 50-week, and 200-week -- highlighting a strong bullish undertone. The Relative Strength Index (RSI) has also shown upward movement, currently standing at 60.81, which indicates strengthening momentum and potential for further gains, according to the brokerage firm. "As long as the index holds above the 25,000 level, the bias is expected to remain positive, with upside targets in the range of 25,200 to 25,300," the firm stated. "A breakout above 25,300 could open doors for a further rally towards 25,500 and 25,700," it added. Volatility eased during the week, with the India VIX falling by 4.09 per cent to 13.6725, signalling reduced uncertainty and growing investor comfort. "In the derivatives segment, the highest Call Open Interest is observed at the 25,200 and 25,300 strikes, establishing a near-term resistance zone,' the report stated. "On the other hand, the highest Put Open Interest is clustered around 25,000 and 24,800, offering strong downside protection," it added. The Bank Nifty index mirrored a similar trend, gaining 1.31 per cent over the week to close at 56,252.85. The weekly formation of an Inside Bar candlestick pattern, supported by steady trading volumes, reflects ongoing consolidation and positive sentiment. The index managed to stay above the 56,200 mark, suggesting buyers are active on declines, and the structure continues to favour a sideways-to-bullish outlook. The index is trading above its key 20-day, 50-day, and 200-day EMAs, which reinforces the overall uptrend. RSI for Bank Nifty stands at 64.33 and is trending upwards, confirming the strength in underlying momentum. Immediate support is placed at 56,000 and 55,500, while resistance lies in the range of 56,500 to 57,000. A decisive move above this resistance zone could lead to a fresh leg of the rally. Among sectoral drivers, private banks like HDFC Bank and Kotak Bank, along with public sector players such as SBI and Federal Bank, are expected to lend support to any upward move in Bank Nifty. "In the options market, high Put Open Interest at 56,000 and 55,500 confirms these as key support levels, while Call OI at 56,500 and 57,000 highlights the immediate hurdles," as per Choice Broking.


Time of India
4 hours ago
- Time of India
Waaree Energies shares may break April 2025 peak after Friday's 12% jump: Anand James
After a blistering 12% rally on Friday, Waaree Energies is back in the spotlight. With the stock inching closer to its April 2025 peak, Anand James of Geojit believes this breakout attempt may finally stick, setting the stage for fresh highs. Edited excerpts from a chat with Anand James, Chief Market Strategist, Geojit Investments Limited on trading strategy for the week ahead: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Bayugan (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo Nifty has been struggling to move sustainably higher than the 25,000-mark for the last few weeks, as visible this time again. On the fundamental side, triggers are missing, but why is 25k such an important level to watch out for on the charts? Yes, 25k is indeed a daunting challenge. Previous attempts to clear the same had proved to be short-lived as there was hardly any follow-through momentum, thus leading to a sharp withdrawal. Hence, the reapproach of the 25k mount is accompanied by concerns about sustainability. Being at the upper Bollinger band as well, it would require further momentum to continue the uptrend. ADX at 13.2 does not indicate strong momentum either. Nevertheless, upswing attempts may be seen initially, but may not clear the 25200-460 band. Alternatively, inability to float above 25045 could see dips, but will wait for 24865 to switch sides. Give us your trading strategy for Nifty monthly expiry next week. What are the levels to watch out for? We would be entering the expiry week with a surprise jump above 25000, that has attracted call OTM buyers only as far as 25500. The same pattern is visible in the 3rd July expiry contract as well with PE buying accumulated at 24800. This raises the expectation of a trading range limited to the 25500-24800 region, calling for a short strangle option strategy with these at the strikes for the two legs. An alternative approach would be to short straddle at 25000, with stop loss placed at 25500 and 24800 on either side. Live Events With BSE and NSE swapping their expiry days with effect from September, how would your trading strategy change when it comes to index options? Monday is now sandwiched between the weekend and expiry, elevating the caution that is usually commanded by day. Even though Monday has to deal with weekend news flows, there is always an optimism, being the start of the week. But with expiry falling on Tuesday, such vibes will be restrained. This would mean that premium expansion and directional entry-exits will be largely front loaded, as there will be little opportunity to escape from theta decay post Thursday, with Friday being the weekend eve and Monday being the expiry eve. For derivative traders, Thursday has been associated with Nifty expiry day for many years. Now with Sensex coming in on Thursday, how do you see trader interest evolving in Sensex contracts? Since late 2023, Sensex F&O has seen a steady increase in trading volume. Between March and December 2024, it consistently accounted for about 70% of the total trading volume across both the NSE and BSE. This momentum accelerated further in January 2025, when the Sensex saw a 12% month-on-month volume spike, coinciding with its shift in weekly expiry from Friday to Tuesday. Now, a new phase of expiry restructuring is set to reshape this dynamic. From September 2025, the Nifty will move its expiry to Tuesday, while the Sensex will shift to Thursday. This change could significantly alter the volume patterns across the two exchanges. Nifty may reclaim lost ground with Tuesday expiries, attracting traders looking to capitalize on early-week strategies and weekend time decay. This could lead to increased activity on Mondays and Tuesdays. Meanwhile, with Thursday as the new expiry, Sensex will see shorter positioning windows earlier in the week, which may temper the intense volume surges, especially on the expiry day. That said, the new trading dynamics will take a while to play out, and it is also possible that Sensex will get more opportunities to price the events of the week, having more trading days ahead of expiry. Time will tell. The broader market underperformed this week. Are the charts hinting at a revival in small and midcaps? The weakness in the small and mid-caps was visible throughout the week. On Thursday, when Nifty closed almost flat, the small cap 250 index fell nearly 2%. And on Friday, when Nifty rose 1.29%, small cap 250 index rose only 0.6%. Friday's optimistic rise has not managed to retrace even 50% of Thursday's fall, raising fears of an extended fall to 16650-16500. Alternatively, a rise above 16900 will help shrug off the weakness, but we feel that upsides may be limited. Waaree Energies surprised investors on Friday with a sharp 12% jump. How to trade the stock on Monday? An outright jump from one end to the other end of the Bollinger will render the stock unattractive to jump into right away. But we feel that the April 2025 peak, which the stock has attempted several times unsuccessfully, will be broken in this attempt. Longs entered on dips to 2895 may have stop loss placed below 2822. Give us your top ideas for the week ahead VIPIND (CMP: 409) Target – 450 Stoploss – 399 The stock recently confirmed a breakout from an inverted Head & Shoulders pattern and continues to maintain its upward momentum. On the monthly chart, the SMIO histogram has crossed above the zero line, suggesting a shift in long-term sentiment. Additionally, the RSI is holding near 60, indicating sustained strength without being overbought. On the daily timeframe, the appearance of an inverted hammer—a classic bullish reversal signal following a dip—adds further conviction to the upside potential. Based on this technical setup, the stock is expected to move toward the 450 mark in the near term. To manage risk, a stop-loss should be placed just below ₹399.


India.com
5 hours ago
- India.com
Market Outlook: Iran-Israel Conflict, Crude Oil Prices, FII Activity To Drive Stock Market This Week
New Delhi: The coming week will be crucial for Indian equities, with market sentiment likely to be shaped by geopolitical developments, crude oil trends, and foreign institutional investor (FII) activity. The spotlight is now on the escalating Iran-Israel conflict, especially after the US launched airstrikes on Iran's nuclear facilities, marking its direct involvement in the war. Market analysts warn that any further escalation in the conflict could weigh heavily on investor sentiment. According to Sudeep Shah, Head of Technical Research and Derivatives at SBICAP Securities, the Iran-Israel war is playing a significant role in driving market emotions. 'Currently, the market is witnessing selective strength as investors reassess the risks of a broader regional conflict,' he noted. Crude oil prices have remained elevated after breaching their 200-day EMA last week, although momentum has slowed slightly. Shah pointed out that persistently high oil prices are stoking fears of inflation and potential supply chain disruptions, both of which are key concerns for the market going forward. Despite geopolitical tensions, Indian markets ended the past week on a strong note. The Nifty surged 1.59 per cent or 393.80 points to close at 25,112.40, while the Sensex rose by 1.59 per cent or 1,289.57 points to settle at 82,408.17. This rally was led by the Nifty Private Bank Index, which gained 1.64 per cent. Other sectoral indices also performed well, with Nifty Auto up 1.51 per cent, Nifty IT rising 1.36 per cent, and Nifty Services gaining 1.48 per cent. However, the Nifty Metal and Pharma indices declined more than 1.5 per cent during the same period. Commenting on the Nifty's outlook, Shah said, 'Over the last 28 trading sessions, the Nifty has largely oscillated between 25,222 and 24,462. Notably, 16 of those sessions saw gap-up or gap-down openings, indicating continued market volatility. This pattern suggests limited opportunities for directional trades in the current environment.'