Indian Market Close: Nifty 50 Gains 144 Points
The Nifty 50 closed at 24,196.45, up 144.40 points or 0.60%, recovering sharply from morning lows as banking and power stocks led a broad-based rally. The index opened at 24,085.85 and spent the morning session under pressure before climbing past the 24,200 mark in the final hours. The BSE Sensex gained 0.33%, closing at 77,439.19.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,196.45 | +144.40 | +0.60% |
| Sensex | 77,439.19 | — | +0.33% |
Sector Performance Drives Late Rally
Sectoral action favored cyclicals and defensives, with PSU banks emerging among the session's strongest performers. Power stocks added 0.92%, while electrical equipment and electrical appliances gained 1.00% and 1.05% respectively. Agriculture and allied industries rose 0.82%, providing further support to the benchmark.
The market recovered all morning losses after sliding to an intraday low of 24,097.05, with the final hour witnessing accelerated buying. Volume remained robust, with 93.8 million shares changing hands on the NSE. Healthcare stocks surged 18.97%, though the context of this move was not detailed in available data. Consumer durables added 14.57%, while chemicals posted gains as part of a broad sectoral advance.
The Nifty 50 intraday range stretched from 24,097.05 to 24,186.50, reflecting volatile two-way action before bulls regained control in the afternoon session.
GIFT NIFTY Tracks Indian Market Lower
GIFT NIFTY ended Session I at 24,066.50, down 36.5 points or 0.15% from the previous close of 24,103.00. The contract opened at 24,086.00 and traded in a 175.5-point range between a high of 24,209.00 and a low of 24,033.50. The offshore derivative lagged the cash market's late rally, settling below the 24,100 mark despite Indian equities closing firmly in positive territory.
| Metric | Level |
|---|---|
| LTP | 24,066.50 |
| Open | 24,086.00 |
| High | 24,209.00 |
| Low | 24,033.50 |
| Change | -36.5 (-0.15%) |
GIFT NIFTY saw volatile intraday swings, spiking to 24,209.00 early in the session before tumbling to 24,033.50 in the final hour of trading. The contract briefly attempted to mirror the cash market's recovery but ultimately closed below the day's open, underscoring divergence between offshore and domestic sentiment heading into Session II.