The Nifty 50 closed at 22,674.75, up 119.00 points or 0.53%, while the Sensex rallied 472.77 points or 0.66% to close at 72,789.50 in Monday's session. Both benchmarks extended gains after opening in positive territory, with buying momentum building through the final hours of trade.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 22,674.75 | +119.00 | +0.53% |
| Sensex | 72,789.50 | +472.77 | +0.66% |
The Nifty opened at 22,603.25 and climbed steadily through the session, supported by broad-based buying across banking and metal stocks. The advance marked a recovery from the previous close of 22,555.75, with the index trading within its 52-week range of 22,182.55 to 26,373.20.
Financial services stocks, which command a 36.47% weightage in the Nifty 50, led the rally alongside gainers in the oil and gas sector (9.52% index weight) and information technology (8.48% weight). The automotive segment, representing 7.06% of the index, also contributed to the advance. Market breadth favored bulls with gainers outnumbering losers across both NSE and BSE platforms.
The Nifty Bank index closed at 54,450.75, down 182.30 points, underperforming the broader market despite selective strength in banking names. The Nifty Next 50 shed 765.60 points to settle at 68,981.35, while the Nifty Financial Services index dipped 93.40 points to 24,556.10. The Nifty Mid Select fell 63.15 points to 13,562.75, reflecting mixed sentiment in mid-cap stocks.
GIFT NIFTY Tracks Rally, Closes Above 22,770
GIFT NIFTY mirrored the cash market advance, settling at 22,773.5, up 116.5 points or 0.51% from the previous close of 22,657.0. The derivative contract opened at 22,649.0 and traded in a 208-point range between an intraday low of 22,616.0 and a high of 22,824.0.
| Metric | Level |
|---|---|
| Open | 22,649.0 |
| High | 22,824.0 |
| Low | 22,616.0 |
| LTP | 22,773.5 |
| Change | +116.5 (+0.51%) |
The session saw volatility through the Indian market hours, with GIFT NIFTY dipping to 22,618.0 during the mid-morning selloff before staging a sharp recovery from noon onward. The contract surged past 22,750 in the final hour of cash market trade, peaking at 22,824.0 around 15:15 IST, then easing into the close as late profit-booking trimmed gains.
GIFT NIFTY heads into Session II at 22,773.5, tracking the domestic market's firm close and positioning marginally below the day's high as overnight global cues come into focus.