GIFT NIFTY closed at 23,299 on June 9, gaining 125.5 points or 0.54% as Indian benchmarks registered modest gains in a choppy session. The Nifty 50 added 68.25 points to settle at 23,191.25, while the Sensex rose approximately 200 points to close at 73,664.72, up 0.19% from the previous close.
| Index | Close | Change | Change % |
|---|---|---|---|
| Nifty 50 | 23,191.25 | +68.25 | +0.29% |
| Sensex | 73,664.72 | ~+140 | +0.19% |
Indian Market Drivers
The session opened on a cautious note with Nifty 50 gapping down nearly 100 points from the previous close of 23,123. After testing intraday lows around 22,182.55 during the week, benchmarks recovered to close marginally higher. The Nifty 50 faced strong resistance at the 23,200 level but managed to hold above key support zones.
Among individual stocks, Maruti Suzuki traded at ₹13,079, while Kotak Mahindra Bank closed at ₹379.70. SBI Life Insurance settled at ₹1,755, and Adani Enterprises ended at ₹2,985.90. Tata Capital closed at ₹318.30, Indian Hotels at ₹664.15, Trent at ₹2,773.60, and Grasim Industries at ₹3,103. Detailed sectoral performance data remained limited in available reports.
GIFT NIFTY Session
GIFT NIFTY opened at 23,131 and traded in a 241-point range between an intraday low of 23,084 and a high of 23,325. The contract witnessed heightened volatility through the session, with a sharp rally emerging post-11:30 AM that pushed the index above 23,300 briefly before retracing. The index spent the mid-session consolidating between 23,150 and 23,230 before staging a late rally into the close.
| Metric | Value |
|---|---|
| Open | 23,131.0 |
| High | 23,325.0 |
| Low | 23,084.0 |
| LTP | 23,299.0 |
| Change | +125.5 (+0.54%) |
GIFT NIFTY largely tracked the cash market's trajectory through the session. The contract dipped below 23,100 during early morning trade, mirroring weak pre-open sentiment in the Indian cash market. A mid-session recovery took hold around noon, with the index surging from 23,138 at 11:30 AM to touch 23,266 by 12:00 PM, before paring some gains.
Session II Outlook
GIFT NIFTY heads into Session II at 23,299, trading 108 points above the Nifty 50 cash close of 23,191.25. The 125-point premium to the previous close of 23,173.5 suggests sustained buying interest in the derivatives segment as traders position for the next trading day.