Indian Market Close
The Nifty 50 closed at 24,225.65 on Tuesday, surging 383.00 points or 1.61% from the previous close of 23,842.65. The Sensex rallied over 1,200 points, extending the April rebound as fresh optimism around US-Iran peace talks lifted sentiment across indices.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,225.65 | +383.00 | +1.61% |
| Sensex | — | +1,200 pts | — |
Sector Performance and Market Breadth
The Nifty Bank index climbed 1.25% to close at 56,302.60, while Nifty Financial Services advanced 1.50% to 26,438.90. Broader indices outperformed, with the Nifty 500 gaining 1.82% on the day. The rally was broad-based, with markets shrugging off earlier session weakness to close near intraday highs.
Among individual stocks, Axis Bank featured in the top gainers, closing at ₹1,350.80 after trading between ₹1,315.30 and ₹1,366.90. Dr Reddy's Laboratories closed at ₹1,232.20, up from the day's low of ₹1,204.00. ICICI Bank settled at ₹1,346.80, while Bharti Airtel closed at ₹1,859.30.
The intraday range on Nifty 50 stretched from 23,856.35 to 24,074.05 during cash market hours, with the index opening at 24,163.80 and sustaining momentum through the session. The 52-week range stands at 22,182.55 to 26,373.20, leaving the index roughly 8% below its all-time peak.
GIFT NIFTY Session
GIFT NIFTY closed at 24,243.50, up 34.00 points or 0.14% from the previous close of 24,209.50. The contract opened at 24,206.50 and carved out an intraday range between 24,184.00 and 24,325.00, tracking the cash market's upward trajectory with relative stability.
| Metric | Level |
|---|---|
| Open | 24,206.50 |
| High | 24,325.00 |
| Low | 24,184.00 |
| LTP | 24,243.50 |
| Change | +34.00 (+0.14%) |
The session saw two distinct phases of volatility. GIFT NIFTY spiked to 24,317.50 around the 11:45 SGT mark, briefly surging past 24,300 before pulling back. A second rally unfolded between 12:00 and 13:00 SGT, with the contract climbing from 24,185.50 to above 24,300, before easing into a choppy afternoon that saw prices settle near session averages.
Looking Ahead
GIFT NIFTY heads into Session II at 24,243.50, holding a modest premium to the cash market close and signaling a stable handoff as global cues await further developments on the geopolitical front.