Indian Market Close
The Nifty 50 closed at 24,275.40, gaining 202.65 points or 0.84%, while the Sensex surged 831 points or 1.07% to settle at 78,009.47. The rally marked a strong reversal from recent weakness, with both benchmarks reclaiming key psychological levels in a broad-based advance.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,275.40 | +202.65 | +0.84% |
| Sensex | 78,009.47 | +831 | +1.07% |
Sector Performance
Sectoral gains were led by Footwear, which jumped 4.70%, followed by Auto Retail at 1.69% and Oil at 1.13%. Information Technology added 1.10%, while Batteries rose 1.11%. Healthcare and Consumer Durables also participated in the rally, with Healthcare advancing 18.97% and Consumer Durables climbing 14.57%. Banking and PSU Banks remained in focus as the session unfolded.
Pharmaceutical heavyweights Sun Pharma and Dr. Reddy's featured among the top gainers, with Sun Pharma trading at 1,910.00 and touching 1,950.80 during the session. The gains reflected strong buying interest across defensive and cyclical sectors alike.
Market Breadth and Activity
The Nifty 50 opened at 24,127.60 and traded in a range through the morning before gathering momentum in the afternoon. Volume for the index stood at 278,905,824 shares, with total value of ₹31,699.87 crore. The rally came after the previous close of 24,072.75, building on modest weekly gains of 0.74%.
GIFT NIFTY Session
GIFT NIFTY mirrored the cash market strength, closing Session I at 24,342.5, up 172 points or 0.71% from the previous close of 24,170.5. The index opened at 24,111.0 and traded in a 285-point range between a low of 24,075.0 and a high of 24,360.0.
| Metric | Level |
|---|---|
| Last Traded Price | 24,342.5 |
| Open | 24,111.0 |
| High | 24,360.0 |
| Low | 24,075.0 |
| Change | +172.0 (+0.71%) |
The overnight session saw choppy consolidation before GIFT NIFTY found its footing around the 9:00 AM IST open. A sharp spike at 11:45 AM took the index from 24,080.0 to 24,170.0 within minutes, followed by a sustained rally through midday that pushed levels above 24,250.0. A late-session surge at 16:45 PM drove GIFT NIFTY to its session high of 24,360.0 before settling around 24,342.5.
Looking Ahead
GIFT NIFTY heads into Session II at 24,342.5, sustaining firm momentum as global cues remain supportive. The index's 285-point intraday range reflected the volatility characteristic of the current market environment, with buyers defending dips and building on the cash market's gains.