Indian Market Close
The Nifty 50 closed at 24,364.85, down 11.30 points or 0.05%, after a volatile session that saw the index swing between 24,241.25 and 24,480.65. The benchmark index recovered from intraday lows to settle near the flatline, reflecting cautious trading ahead of key global cues.
The S&P BSE Sensex fell 542.65 points or 0.68% to 78,730.68 by late morning trade, before recovering some losses later in the session. Broader market sentiment remained mixed as investors weighed domestic macro factors against global headwinds.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,364.85 | -11.30 | -0.05% |
| Sensex (11:00 AM) | 78,730.68 | -542.65 | -0.68% |
Market Drivers
The session was marked by sectoral rotation, with selective stocks seeing sharp moves. Market participants remained on edge as the Nifty oscillated in a 239-point range, unable to sustain gains above the 24,500 mark.
Among individual stocks, Hindustan Unilever closed at ₹2,231.50 after trading between ₹2,227.20 and ₹2,335.70. Trent saw volatility, closing at ₹4,242.80 after hitting an intraday high of ₹4,444.50. Top losers included Britannia Industries at ₹5,760.00, ICICI Bank at ₹1,370.10, Larsen & Toubro at ₹4,022.00, and ITC at ₹305.60.
GIFT NIFTY Session
GIFT NIFTY settled at 24,379.5, up 22.0 points or 0.09% from the previous close of 24,357.5. The contract opened higher at 24,433.0 and touched a session high of 24,490.0 before retreating. Intraday volatility saw the contract hit a low of 24,316.5 as it tracked the cash market's swings.
| Metric | Level |
|---|---|
| LTP | 24,379.5 |
| Change | +22.0 (+0.09%) |
| Open | 24,433.0 |
| High | 24,490.0 |
| Low | 24,316.5 |
| Previous Close | 24,357.5 |
The contract saw a sharp mid-session dip around 03:40-04:00 SGT, falling from 24,406.0 to 24,296.5 before recovering. A late-session rally between 11:45-12:00 SGT pushed GIFT NIFTY to its session peak of 24,490.0, though it subsequently gave up gains as the Indian cash market faced selling pressure into the afternoon.
Session Outlook
GIFT NIFTY heads into Session II at 24,379.5, holding a narrow premium to the Nifty 50 cash close. Traders will track overnight global cues and Asian market movements as the contract resumes trading.