GIFT NIFTY Ends at 23,142 as Nifty 50 Rallies 1.1%, Climbs Above 23,000

Nifty 50 closed at 22,968.25 on April 7, 2026, adding 255.15 points or 1.12% in a strong session that marked the fourth consecutive day of gains. The index opened at 22,838.70 and traded in a range of 22,719.30 to 23,063.55 before settling near session highs. Sensex advanced 776 points or 1.06% to close at 74,095 points, extending its winning streak.

The rally was broad-based, with banking stocks leading the charge. Axis Bank surged 3.73%, emerging as the top gainer, while Titan Company jumped 3.61%. Among other notable movers, Bharti Airtel climbed to ₹1,799.40, and Maruti advanced to ₹12,673. Nestle India and Bharat Electronics also featured among the gainers, closing at ₹1,200 and ₹423.60 respectively.

The session saw Nifty briefly breach the 23,000 mark intraday before settling just below that psychological level. Market breadth remained positive throughout the day as investors extended buying across sectors following four consecutive sessions of gains.

GIFT NIFTY tracked the domestic rally, closing at 23,142 with a gain of 97 points or 0.42% from the previous close of 23,045. The offshore derivative opened at 23,021.50 and carved out a wide intraday range of 22,785 to 23,187.50, reflecting heightened volatility. After a weak start that saw GIFT NIFTY slip below 22,800 in morning trade, the contract staged a sharp recovery post the Indian market open.

The session was marked by extreme swings, with GIFT NIFTY hitting a low of 22,785 during late morning hours before reversing sharply. A powerful rally emerged in afternoon trade, propelling the contract above 23,100 as the Indian cash market extended gains. The final hour saw steady buying, with GIFT NIFTY settling near the upper end of the day's range.

GIFT NIFTY heads into Session II at 23,142, holding above the 23,100 mark as overnight sentiment remains constructive following the robust domestic close.