Indian Market Snapshot
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,350 | +174 | +0.72% |
| Sensex | — | +580 pts | — |
Nifty 50 closed at 24,350 levels, rallying 174 points or 0.72% from the previous close of 24,175.70, as information technology stocks powered a broad-based market recovery. The Sensex climbed 580 points in parallel trade, with both benchmarks extending gains into the final hour despite choppy midday action.
The Nifty opened at 24,375.65 and traded in a range of 24,295.15 to 24,378.15 during the cash session. IT stocks led the advance, driving the benchmark past the 24,150 mark and settling comfortably above 24,300 as sector rotation favored technology and banking counters.
Sector Performance
Information technology emerged as the session's standout performer, fueling the Nifty's climb past 24,100 levels. Banking stocks supported the rally, while details on sectoral winners and laggards beyond IT remained limited in available data. The 52-week range for Nifty 50 stands at 22,182.55 to 26,373.20.
Top Movers
Among individual stocks, Nestle India ended at ₹1,405.20 after trading between ₹1,407.90 and ₹1,459.90. Asian Paints closed at ₹2,635.70, moving in a range of ₹2,624.00 to ₹2,723.00 during the session.
GIFT NIFTY Session
| Metric | Level |
|---|---|
| Open | 24,330.0 |
| High | 24,465.0 |
| Low | 24,314.5 |
| LTP | 24,343.0 |
| Change | -12.0 (-0.05%) |
GIFT NIFTY settled at 24,343, down 12 points or 0.05% from the previous close of 24,355, tracking mixed overnight sentiment before the cash market opened sharply higher. The derivative contract opened at 24,330 and spiked to an intraday high of 24,465 during the Indian morning session before paring gains through the afternoon.
The GIFT NIFTY session saw volatile two-way trade, opening weak in early Asian hours and drifting to a low of 24,314.50 before rallying sharply past 24,450 around 09:30 IST in sync with the cash market's opening surge. The contract then gave back most gains, sliding from 24,440 levels to settle near 24,343 as late-session profit booking emerged in Session II trade.
Session II Outlook
GIFT NIFTY heads into the evening session at 24,343, holding above 24,300 support but well off the day's high of 24,465. The 151-point intraday range reflects heightened volatility as traders navigate the disconnect between strong cash market gains and muted derivative sentiment heading into Friday trade.