Indian Market Close
Nifty 50 closed at 24,063.40, down 112.25 points or 0.46%, extending losses in the final hour of trade. The Sensex shed 270.03 points or 0.35% to settle at 76,994.48, as selling pressure intensified across sectors. Both benchmarks gave up earlier attempts to stabilize, with Nifty trading in a 23,993.60-24,128.70 range through the session.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,063.40 | -112.25 | -0.46% |
| Sensex | 76,994.48 | -270.03 | -0.35% |
Sectoral Pressure Weighs
Broad-based weakness gripped the market, with metal, media, and realty stocks declining 2-3% as risk appetite waned. The selloff deepened after midday, with no sector providing meaningful support to arrest the slide. Banking stocks contributed to the drag, though the sector underperformed the broader indices by a narrower margin.
Market participants noted the absence of strong catalysts, leaving sentiment fragile as month-end position squaring added to volatility. Nifty has now erased 4.43% year-to-date, reflecting sustained pressure on valuations. The previous session's close at 24,175.65 marked a key reference point that the index failed to reclaim today.
GIFT NIFTY Session
GIFT NIFTY opened at 24,264.50 and traded in a 163-point range between 24,297 and 24,134, mirroring the cash market's choppy trajectory. The contract witnessed a sharp midday selloff from 11:30 onwards, sliding from 24,223 to a session low of 24,134 by 12:25 as Indian markets extended losses. A recovery attempt in the 14:00-14:30 window pushed prices back above 24,240, coinciding with the cash market's stabilization, before late-session weakness dragged the contract lower again.
| Metric | Level |
|---|---|
| Open | 24,264.50 |
| High | 24,297.00 |
| Low | 24,134.00 |
| LTP | 24,238.00 |
| Change | -37.50 (-0.15%) |
GIFT NIFTY closed at 24,238, down 37.5 points or 0.15%, outperforming the cash market's 0.46% decline as the derivatives contract found support in the final hour. The relatively modest loss suggests traders are positioning cautiously ahead of Session II, with the contract trading 174 points above the cash market's close, reflecting the typical premium ahead of the overnight session.