Sensex jumps 520 pts; realty shares in demand

The key equity benchmarks traded with modest gains in early afternoon trade, supported by easing bond yields, a strengthening rupee and a decline in Brent crude prices. Investors remained focused on September-quarter earnings, with the Nifty trading above the 22,500 level. Market participants will monitor global cues, key US inflation data, the ongoing September-quarter earnings season and foreign institutional investor (FII) flows. Realty shares extended gains for the third consecutive trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 536.23 points or 0.75% to 72,429.85. The Nifty 50 index rose 160.85 points or 0.72% to 22,524.20.

In the broader market, the BSE 150 Midcap Index rose 0.14% and the BSE 250 Smallcap Index declined 0.51%.

The market breadth was negative. On the BSE, 1,785 shares rose and 2,275 shares fell. A total of 265 shares were unchanged.

Economy:

The IMF has raised India's growth forecast to 7% for both FY27 and FY28. Its earlier estimates were 6.4% and 6.7%, respectively. Strong domestic demand and services activity are supporting growth. The International Monetary Fund (IMF) has raised its global growth forecast for 2026 to 3.1%. Its inflation forecast for 2026 remains 4.7%. For 2027, the forecast has risen to 4.1%, from July's 3.9%.

The IMF said India?s growth outlook was supported by favourable demographic dynamics, a large and expanding domestic market, and continued structural reforms, despite higher global oil prices and geopolitical uncertainties. India remains among the fastest-growing major economies.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slides 5.68% to 14.39. The Nifty 27 October 2026 futures were trading at 22,591.90, at a premium of 67.7 points as compared with the spot at 22,524.20.

The Nifty option chain for the 27 October 2026 expiry showed a maximum call OI of 87.6 crore contracts at the 23,500 strike price. A maximum put OI of 51.9 crore contracts was seen at the 23,500 strike price.

Buzzing Index:

The Nifty Realty index rose 0.65% to 815.30. The index rose 2.45% in the three consecutive trading sessions.

Aditya Birla Real Estate (up 2.77%), Phoenix Mills (up 2.17%), DLF (up 0.8%), Oberoi Realty (up 0.68%), Lodha Developers (up 0.5%), Sobha (up 0.36%), Brigade Enterprises (up 0.25%) and Godrej Properties (up 0.03%) jumped.

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