Indian Market Close
The Nifty 50 closed at 23,904.80, up 281.90 points or 1.16%, while the Sensex surged 912.86 points to settle at 76,440.81 in Monday's session. The broad-based rally extended across sectors, with the Nifty 500 gaining 1.5% as investor sentiment strengthened.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,904.80 | +281.90 | +1.16% |
| Sensex | 76,440.81 | +912.86 | — |
Sectoral Performance
Banking and IT stocks led the charge, with Nifty Bank advancing 474.95 points to 57,289.75, a gain of 0.78%. The Nifty IT index posted a stronger performance, climbing 326.60 points to 28,122.35. The Nifty Financial Services index saw modest gains amid the broader rally.
The Nifty Midcap Select index underperformed, shedding 124.70 points to 13,866.55. Among individual movers, ITC and Hindustan Unilever featured as top gainers. Tata Motors, Muthoot Finance, Eicher Motors, and InterGlobe Aviation were among the stocks making advances during the session.
GIFT NIFTY Session
GIFT NIFTY tracked the domestic market rally closely, opening at 23,795.00 and climbing to an intraday high of 24,047.00 during the mid-morning session. The contract last traded at 23,917.00, up 288.5 points or 1.22% from the previous close of 23,628.50.
| Parameter | Level |
|---|---|
| Open | 23,795.00 |
| High | 24,047.00 |
| Low | 23,794.50 |
| LTP | 23,917.00 |
| Change | +288.5 (+1.22%) |
The contract traded in a 252.5-point intraday range, touching its session peak around 10:45 IST before paring some gains through the afternoon. GIFT NIFTY mirrored the cash market's upward trajectory, with strength sustained through the Indian market close at 15:30 IST.
Session II Outlook
GIFT NIFTY heads into Session II at 23,917, positioned above the 23,900 mark following the day's rally. The contract remains well above its opening level, reflecting firm sentiment as global markets come into focus.