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Nifty experienced some profit-taking at higher levels, with rollovers at 70% compared to 76.25% last month and the three-month average of 72.6%, according to a report by SBI Securities. In the July series, the monthly expiries for Fin Nifty and Bank Nifty are scheduled for Tuesday and Wednesday. However, as of July 25, Bank Nifty rollovers stand at 62%, according to a report by domestic brokerage firm Nuvama.

According to Nagaraj Shetti of HDFC Securities, the Nifty index has recently regained support from its 10-day and 20-day exponential moving averages (EMAs) after briefly dipping below them. This reinforces the significance of these moving averages as a support level for the index over the past several weeks.

PNB Housing Finance has reported a 25% growth on year in the first fiscal to get a profit of Rs. 433 crores, from Rs. 347 crores a year ago as the company saw good productivity in the 100 branches it added from December last year to March 2024.

The Nifty Realty index closed 1.15 per cent up at 1077.65.

Private lender Bandhan Bank on Friday reported a 47 per cent jump in its net profit to Rs 1,063 crore in the first quarter of financial year 2024-25. The bank had reported a net profit of Rs 721 crore during the same quarter of the previous fiscal.

Drug maker Cipla reported a 17.4% year-on-year (YoY) jump in net profit to Rs 1,178 crore in Q1FY25, led by strong US, India and South Africa sales momentum.

Short covering occurs when investors buy shares to close out their short positions, indicating a shift from a highly negative outlook to a more positive one. On Friday, five stocks experienced this kind of activity.

Piramal Pharma Q1 Earnings: Piramal Pharma narrowed its net loss to Rs 89 crore in Q1FY25 from a net loss of Rs 99 crore in the corresponding quarter of the previous year.

The Nifty Realty index was trading 1.6 per cent up at 1082.35.

Telecom infrastructure company Indus Towers said the board will consider and approve a proposal to buyback of fully paid-up equity shares, pushing its stock price up by 4.75% Friday.