Indian Market Close
The Nifty 50 closed above 23,600 on Tuesday as domestic equities staged a sharp recovery from intraday lows. The index ended near 23,650, recovering significantly after earlier weakness, while the BSE Sensex recouped over 1,100 points from the day's low to close marginally higher at 75,276.09, up 75 points.
The session witnessed high volatility with the Nifty 50 trading in a broad range of 23,397.30 to 23,664.40. The index opened lower at 23,457.25 against the previous close of 23,618.00 but managed to erase losses through the day.
Sectoral Performance
Sectoral moves were mixed with Auto stocks leading gains as Nifty Auto advanced 245 points. IT stocks dragged, with Nifty IT declining 58 points to 29,249.70. Nifty Bank shed 27.50 points to close at 53,381.65, reflecting cautious sentiment in financial heavyweights.
| Index | Close | Change |
|---|---|---|
| Nifty 50 | ~23,650 | Recovery from lows |
| BSE Sensex | 75,276.09 | +75.24 (+0.10%) |
| Nifty Bank | 53,381.65 | -27.50 |
| Nifty IT | 29,249.70 | -58.30 |
| Nifty Auto | 25,944.00 | +245.20 |
Stock Movers
Among individual stocks, Hindustan Unilever traded between ₹2,248.70 and ₹2,298.90, while TCS moved in the ₹2,252.00 to ₹2,304.90 range. IndiGo saw price action between ₹4,293.00 and ₹4,359.00. Sun Pharma traded from ₹1,874.00 to ₹1,887.90.
Hindalco Industries was quoted at ₹1,078.60, ABB India at ₹6,505.50, Reliance Industries at ₹1,353.50, and Cummins India at ₹5,371.00. Zee Entertainment declined 2.44% to close at ₹88.49, while Hindalco shed 3.27% to ₹1,067.25 in separate session moves.
GIFT NIFTY Session
GIFT NIFTY gained 170.5 points or 0.73% to close at 23,685.5, tracking the recovery in domestic equities. The contract opened at 23,504.5 and swung between a session low of 23,371.5 and a high of 23,696.5, reflecting the high volatility seen in the cash market.
The offshore derivative followed a V-shaped recovery pattern, bottoming out in morning trade around 9:30 AM SGT before staging a sustained rally through the afternoon. The contract surged past 23,600 during the final two hours of trade, posting fresh session highs above 23,690 in the 5:55 PM slot before settling near 23,685.5.
| Metric | Level |
|---|---|
| Last Traded Price | 23,685.5 |
| Open | 23,504.5 |
| High | 23,696.5 |
| Low | 23,371.5 |
| Previous Close | 23,515.0 |
| Change | +170.5 (+0.73%) |
Session II Outlook
GIFT NIFTY heads into Session II at 23,685.5, holding firm above the 23,600 mark. The contract's intraday range of 325 points signals continued volatility as traders assess global cues and domestic developments ahead of Wednesday's cash market open.