Indian Market Close
The Nifty 50 closed at 23,977.80, gaining 123.90 points or 0.52%, while the BSE Sensex ended at 76,604.88, adding 340.55 points or 0.44%. The benchmark indices extended their recovery from recent lows, with the Nifty holding comfortably above the 23,900 mark through the final hour of trade.
The session saw the Nifty trading in a range of 23,888.20 to 23,977.80, opening at 23,923.90 after the previous close of 23,853.90. The index reversed early weakness to close near the day's high, supported by selective buying across heavyweights.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,977.80 | +123.90 | +0.52% |
| BSE Sensex | 76,604.88 | +340.55 | +0.44% |
Sector Performance
Banking stocks showed mixed performance, with Nifty Bank closing at 57,130.55, down 68.25 points or 0.12%. The broader Nifty 500 gained 32.55 points to close at 22,923.85, up 0.14%, while the BSE 500 added 58.6 points to settle at 35,823.27, a gain of 0.16%.
The Nifty Next 50 underperformed, declining 775.95 points to close at 68,378.75. Financial services stocks dipped, with the Nifty Financial Services index down 54.25 points at 25,152. The Nifty Mid Select shed 124.70 points to end at 13,866.55.
Top Movers
Among heavyweights, Reliance Industries closed at ₹1,332.70, while consumer stocks showed strength with United Spirits at ₹1,296.50 and Avenue Supermarts at ₹4,172.60. LTM ended at ₹3,966.30.
GIFT NIFTY Session
GIFT NIFTY closed at 24,007, up 76.5 points or 0.32% from the previous close of 23,930.50. The contract opened at 23,912 during Session I and traded in a 152-point range between 23,865 and 24,017, tracking the Indian cash market's recovery through the day.
The derivative contract saw heightened volatility during the Indian market hours, dipping to the session low of 23,865 in early trade before rallying sharply post-noon. GIFT NIFTY breached the 24,000 mark in the final hours, touching an intraday high of 24,017 before settling at 24,007.
| Metric | Level |
|---|---|
| Last Traded Price | 24,007.0 |
| Open | 23,912.0 |
| High | 24,017.0 |
| Low | 23,865.0 |
| Change | +76.5 (+0.32%) |
Looking Ahead
GIFT NIFTY heads into Session II trading at 24,007, holding above the psychological 24,000 level as global cues await. The contract's premium to the cash market close suggests continued overnight interest in Indian equities.