Realty stocks extended their rally for a third straight trading session.

At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 358.64 points or 0.42% to 85,544.61. The Nifty 50 index climbed 108.45 points or 0.41% to 26,255.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.68% and the S&P BSE Small-Cap index gained 0.67%.

The market breadth was strong. On the BSE, 2,575 shares rose and 1,272 shares fell. A total of 203 shares were unchanged.

Economy:

The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) ' a single-figure indicator of sector performance ' fell from 56.6 in November to 55.0 in December, signalling the weakest improvement in the health of the sector in two years. Amid a general lack of pressure on operating capacities, there was only a marginal increase in factory employment during December.

Buzzing Index:

The Nifty Realty index climbed 1.42% to 897.90. The index jumped 3.23% for the three consecutive trading sessions.

Godrej Properties (up 2.31%), Oberoi Realty (up 1.95%), DLF (up 1.83%), Anant Raj (up 1.57%) and Sobha (up 1.5%), Phoenix Mills (up 1.27%), Lodha Developers (up 1.2%), Prestige Estates Projects (up 1.1%), SignatureGlobal India (up 0.21%) and Brigade Enterprises (up 0.09%) advanced.

Stocks in Spotlight:

ACME Solar Holdings rose 0.78%. The company announced the incorporation of a wholly owned subsidiary, ACME Greentech Eighteen, to strengthen its presence in the renewable energy segment.

Remsons Industries rallied 3.89% after the company has secured a Rs 60-crore order from a leading domestic commercial vehicle (CV) OEM.

Global Market:

South Korea's Kospi hit a new record Friday as the Asia markets kicked off the new year on a positive trading note.

Some Asian markets were still closed for the holidays, including Japan and mainland China.

Meanwhile, Singapore's economy expanded 5.7% year-on-year for the fourth quarter, driven mainly by strong manufacturing growth in the three months through December. The latest reading is faster than the revised 4.3% growth in the previous quarter.

On Wednesday, Prime Minister Lawrence Wong announced in his New Year message that the country had clocked a stronger-than-expected 4.8% expansion for the full year of 2025.

U.S. stock futures were looking up in early Asian hours, with S&P futures up by 0.15% and Nasdaq-100 futures climbing 0.12%. Dow Jones Industrial Average futures were 0.16% higher.

On Wednesday stateside, the S&P 500 dipped 0.74%, while the Nasdaq Composite fell 0.76% and the Dow Jones Industrial Average lost 0.63%.

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