Indian equity benchmarks closed modestly higher on Thursday, with the Nifty 50 settling at 22,713.10, up 33.70 points or 0.15%, after a choppy trading session. The broader market displayed resilience despite early volatility, as GIFT NIFTY tracked the cash market lower through the day.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 22,713.10 | +33.70 | +0.15% |
| Sensex | 73,317.00 | +182.00 | +0.25% |
The Sensex climbed 182 points or 0.25% to close at 73,317, led by gains in select heavyweights. The index had opened at 22,383.40 and swung between an intraday high of 22,782.30 and a low of 22,182.55, reflecting heightened intraday volatility before settling near the day's upper end.
Sector and Stock Movements
Stock-specific action dominated the session. IndiGo was among the top gainers, surging from 4,063.80 to an intraday high of 4,332.70 before closing at 3,943.50. Adani Ports also saw strong buying interest, moving from 1,351.20 to a high of 1,405.40 and settling at 1,312.60.
On the downside, Reliance Industries declined 1.37% to close at ₹1,350.50, while Tata Steel edged down 0.24% to ₹194.14. Banking stocks showed mixed performance, with HDFC Bank gaining 1.17% to ₹750.90 and Kotak Mahindra Bank adding 0.55% to ₹358.00.
Most active counters included HDFC Bank, Tata Steel, Kotak Mahindra Bank, and Reliance Industries, which saw heightened trading volumes through the session.
GIFT NIFTY Session Recap
GIFT NIFTY ended at 22,641.5, down 204 points or 0.89% from the previous close of 22,845.5. The derivative instrument opened lower at 22,809.5 and tested an intraday high of 22,910.5 in early trade before sliding to a session low of 22,590.0 as selling pressure intensified through the afternoon.
| Parameter | Level |
|---|---|
| Open | 22,809.5 |
| High | 22,910.5 |
| Low | 22,590.0 |
| LTP | 22,641.5 |
| Change | -204.0 (-0.89%) |
The offshore derivative witnessed a broad downtrend from the 09:00 IST opening bell, slipping from the 22,800-22,900 zone through midday and accelerating losses in the final hours. The instrument traded in a tight 22,590-22,910 range, losing ground even as the cash Nifty managed to eke out modest gains.
GIFT NIFTY heads into Session II at 22,641.5, underperforming the cash market by over 70 points as global cues and overnight positioning weighed on the derivative contract.