Nifty 50 closed at 23,962.80, up 162.60 points or 0.68% from its previous close, while the BSE Sensex ended the session higher, though precise closing levels for the 30-share index were not immediately available. The benchmark index opened at 24,124.70 and traded in a range of 24,000.20 to 24,162.05 during the session, with volumes of 3,130.72 lakh shares changing hands on the NSE.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,962.80 | +162.60 | +0.68% |
| BSE Sensex | — | — | — |
IT Sector Powers Rally, Sectoral Divergence Emerges
Information Technology stocks led the advance, with the Nifty IT index surging 3.38% to close at 29,047.00, a gain of 1,036.65 points. The sector outperformed all others as global technology cues provided tailwinds. TCS, Infosys, HCL Tech, and Tech Mahindra featured among the top contributors to the Nifty 50's gains, according to NSE change points data.
Other sectors displayed mixed performance. Banking stocks lagged, with Nifty Bank slipping 154.80 points or 0.27% to settle at 57,891.10. Broader sectoral analysis showed gains in Furniture (up 3.12%), Ceramic Products (up 1.80%), Sugar (up 1.72%), and Apparel (up 1.37%), while Metals & Mining and Healthcare showed strength in longer-term sector rotation trends.
The Nifty Auto index posted modest losses, declining 0.10% to 24,182.40, while detailed individual stock movers and FII/DII flow data were not available in market reports. Trading activity remained subdued compared to the three-month average volume of 424 million shares.
GIFT NIFTY Tracks Cash Market in Choppy Session
GIFT NIFTY settled at 24,231.0, up 30.5 points or 0.13% from its previous close of 24,200.5. The derivative contract opened at 24,140.5 in the early Singapore hours and traded in a wide intraday range of 275.5 points, touching a high of 24,288.0 and a low of 24,012.5 before closing near session midpoint.
| GIFT NIFTY | Level |
|---|---|
| Open | 24,140.5 |
| High | 24,288.0 |
| Low | 24,012.5 |
| LTP | 24,231.0 |
| Change | +30.5 (+0.13%) |
The contract faced early pressure, sliding to the day's low of 24,012.5 by mid-morning before staging a sharp recovery from noon onward. GIFT NIFTY rallied from the 24,020 zone to breach 24,160 levels by early afternoon, mirroring strength in the cash market's IT-led advance, before consolidating in the 24,220–24,260 band through the final hours of Session I.
GIFT NIFTY heads into Session II at 24,231.0, trading at a modest premium to the Nifty 50 spot close of 23,962.80, positioning for overnight global cues and Tuesday's pre-market direction.