The Indian equity markets ended fiscal year 2025-26's final trading session on a weak note, with the Nifty 50 closing at 22,477.20, down 2.09% from the previous close. The benchmark index tested support at 22,420.00 during the session after opening at 22,549.65, while the intraday high of 22,714.10 failed to sustain. Sensex mirrored the weakness, shedding over 600 points as bears mauled domestic equities in broad-based selling.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 22,477.20 | - | -2.09% |
| Sensex | - | -600+ pts | - |
The selloff erased approximately ₹10 lakh crore in market capitalization as investors dumped equities ahead of the fiscal year-end. The Nifty 50's decline from its previous close of 22,819.60 marked a sharp 342-point drop, with the index struggling to hold above the 22,500 psychological level through the final hour of trade.
GIFT NIFTY tracked the cash market's weakness through a volatile session, opening at 22,499.00 before rallying to an intraday high of 22,710.50 in early hours. The offshore derivative contract reversed sharply after midday, tumbling to a session low of 22,292.50 as selling intensified into the afternoon. The contract settled at 22,332.50, down 417.5 points or 1.84% from the previous close of 22,750.00.
| GIFT NIFTY | Level |
|---|---|
| Open | 22,499.0 |
| High | 22,710.5 |
| Low | 22,292.5 |
| LTP | 22,332.5 |
| Change | -417.5 (-1.84%) |
The GIFT NIFTY session began with volatility, climbing 211 points from the open to the high before sellers took control. The contract staged a brief recovery attempt around 14:30 IST, rallying from 22,479 to 22,605, but failed to sustain gains as the final two hours saw persistent pressure drag prices lower into the close.
GIFT NIFTY heads into Session II at 22,332.50, having underperformed the Nifty 50's closing level by a modest margin as offshore traders positioned defensively ahead of the new fiscal year.