Indian Market Close
The Nifty 50 closed at 23,677.55, up 265 points or 1.13% from the previous session, after touching an intraday high of 23,763.65. The BSE Sensex rallied over 750 points to close firmly in positive territory, driven by broad-based value buying across key sectors. Volume on the Nifty stood at 281.50 crore shares.
The session saw strong participation across frontline indices, with the market opening at 23,530.25 and extending gains through the day. The day's range for Nifty spanned 23,426.55 to 23,763.65, reflecting sustained buying interest after an early dip.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,677.55 | +265 | +1.13% |
| BSE Sensex | — | +750+ | — |
Sector and Stock Action
Heavyweight stocks led the charge, with value buying emerging as a key factor behind the market advance. Among individual movers, NTPC gained ground to 396.25, Tata Steel advanced to 214.15, Coal India rose to 467.70, and SBI climbed to 980.90. Asian Paints topped sectoral gainers with a 4.37% surge, followed by Tata Steel at 3.77%.
Banking heavyweights ICICI Bank closed at 1,236.10 and HDFC Bank at 749.15, while Reliance Industries settled at 1,361.20. The advance was broad-based, with no major sectoral drag visible in the closing session.
GIFT Nifty Session
GIFT Nifty closed at 23,724.50, up 145.5 points or 0.62% from the previous close of 23,579.00. The contract opened at 23,575.00 in Session I and hit an intraday high of 23,788.50 before touching a low of 23,422.00, reflecting a volatile 366-point range.
| Metric | Level |
|---|---|
| Open | 23,575.00 |
| High | 23,788.50 |
| Low | 23,422.00 |
| LTP | 23,724.50 |
| Change | +145.5 (+0.62%) |
The session saw sharp intraday swings, with GIFT Nifty sliding to session lows near 23,422 in late morning trade before staging a strong recovery rally past 23,700 in the afternoon. The contract tracked the underlying cash market's momentum, recovering sharply from mid-session weakness to end near the day's highs.
Heading Into Session II
GIFT Nifty stands at 23,724.50 heading into the evening session, holding firm above the 23,700 mark and maintaining its premium to the Nifty 50 close. The contract's strong finish suggests positive sentiment carrying into overnight trade.