Indian Market Close
The Nifty 50 closed at 23,581.15, up 172.35 points or 0.74%, while the Sensex jumped 650 points to end the session in positive territory. The benchmarks traded in a range of 23,346.60 to 23,656.80 during the day, reflecting broad-based buying interest across heavyweight sectors.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,581.15 | +172.35 | +0.74% |
| Sensex | — | +650 | — |
Market Drivers
The rally was led by a sharp recovery from the previous session's close of 23,002.15, with the Nifty opening at 23,110.15 and sustaining gains through the afternoon. HDFC Bank, which had fallen 5.11% in the previous session, saw buying interest return as the banking sector stabilized. Maruti Suzuki traded in a range of ₹12,686 to ₹13,100, closing near ₹12,757, while Bharti Airtel moved between ₹1,791.10 and ₹1,834.50 to end at ₹1,788.80.
Sectoral performance remained mixed with specific pockets of strength. The broader market saw rotation as investors digested the prior day's losses, when the Sensex had tumbled 2,200 points or 2.87% to close at 74,504. Mid-cap gainers included Dalmia Bharat at ₹315.20 and Tata Elxsi at ₹4,245, while DOMS Industries closed at ₹2,287.30.
GIFT NIFTY Session
GIFT NIFTY ended the session at 23,135, up 25.5 points or 0.11% from the previous close of 23,109.50. The offshore derivative opened at 23,104.50 and traded in a wide intraday range of 23,062.50 to 23,376, experiencing significant volatility during the Indian cash market hours.
The contract saw a sharp spike to the session high of 23,376 around midday, coinciding with the Nifty's surge past 23,650, before retreating in the final hours of trading. The late-session selloff from the highs pulled GIFT NIFTY back toward opening levels, closing well below the intraday peak as profit-booking emerged.
| Metric | Value |
|---|---|
| Open | 23,104.50 |
| High | 23,376.00 |
| Low | 23,062.50 |
| LTP | 23,135.00 |
| Change | +25.50 (+0.11%) |
Session Outlook
GIFT NIFTY heads into the next session at 23,135, having underperformed the cash market's 0.74% gain with just a 0.11% advance. The 313-point intraday range signals continued uncertainty despite the Indian benchmarks posting solid recoveries from Thursday's sharp losses.