Indian Market Close
Nifty 50 surged 252.65 points or 1.06% to close at 24,134.70 on July 9, 2026, with the index scaling an intraday high of 24,134.70 after opening at 23,928.95. The Sensex mirrored the positive sentiment, closing above key levels as broad-based buying lifted benchmark indices. The day's range for Nifty stretched from 23,927.70 to 24,134.70, reflecting sustained upward momentum through the session.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,134.70 | +252.65 | +1.06% |
Sector Performance and Market Drivers
Sectoral action was led by Electronic Manufacturers, which surged 3.41%, followed by Rating Agencies at 3.21% and Telecom at 3.11%. Rubber Products and Waste Management each gained 2.62%, rounding out the top-performing sectors. The IT sector, however, weighed on sentiment, with Nifty IT declining 0.21% as major heavyweights including Infosys, HCLTech, and TCS ranked among the session's top losers.
PC Jeweller topped the gainers' list with an 11.23% rally to ₹10.70, while IEC Education surged 11.06% to ₹23.40. Across the broader market, sector rotation favored cyclicals and telecom stocks as participants positioned ahead of upcoming quarterly earnings.
Institutional Flows
Foreign Institutional Investors turned net buyers, purchasing ₹1,962.80 crore in the cash segment on July 9, 2026. Domestic Institutional Investors also supported the rally, buying ₹790.20 crore. In the index futures segment, FIIs added ₹390.89 crore, with Nifty futures seeing inflows of ₹386.25 crore.
| Investor Category | Net Buy/(Sell) |
|---|---|
| FII (Cash) | ₹1,962.80 Cr |
| DII (Cash) | ₹790.20 Cr |
| FII (Index Futures) | ₹390.89 Cr |
GIFT NIFTY Session
GIFT NIFTY settled at 23,986.5, up 47.5 points or 0.2% from the previous close of 23,939.0. The contract opened at 23,998.5 and touched a session high of 24,164.0 before sliding to an intraday low of 23,937.5. The offshore derivative tracked the Indian cash market's rally through the afternoon, with volatility peaking around midday as the contract tested 24,163.5 before consolidating below 24,100 levels into the final hour.
| Metric | Value |
|---|---|
| Open | 23,998.5 |
| High | 24,164.0 |
| Low | 23,937.5 |
| LTP | 23,986.5 |
| Change | +47.5 (+0.2%) |
Session Outlook
GIFT NIFTY heads into Session II with a modest premium to the previous close, reflecting cautious optimism as global markets digest overnight moves and participants await fresh cues. The contract's intraday range of 226.5 points underscored elevated volatility amid sectoral churn and institutional repositioning.