Indian Market Close
The Nifty 50 closed at 24,326.05, down 69.80 points or 0.29%, while the Sensex ended at 77,794.21, losing 285.75 points or 0.37%. Both benchmarks spent most of the session in negative territory, weighed down by broad-based selling pressure across sectors.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,326.05 | -69.80 | -0.29% |
| Sensex | 77,794.21 | -285.75 | -0.37% |
Sector Performance
Telecom emerged as the top-performing sector with gains of 2.99%, followed by Electrical Appliances which rose 2.02%. Distributors added 1.38%, while Maritime Industries and Engineering sectors posted modest gains of 0.71% and 0.70% respectively. The Nifty 50 index traded in a range between 24,296.80 and 24,365.00 during the session.
Mid-cap and broader market indices underperformed. The Nifty Next 50 declined 206.65 points or 0.28% to close at 74,520, while the Nifty Midcap Select shed 87.70 points or 0.58% to end at 14,990.45. Sectoral indices including Nifty Bank, Nifty Auto, and Nifty IT participated in the day's trading, though specific performance data remained unavailable.
GIFT NIFTY Session
GIFT NIFTY closed at 24,438.0, down 25.0 points or 0.1% from the previous close of 24,463.0. The contract opened at 24,448.5 and traded in an intraday range of 24,354.5 to 24,467.5, a 113-point band that reflected volatile price action through both sessions.
| Metric | Level |
|---|---|
| Open | 24,448.5 |
| High | 24,467.5 |
| Low | 24,354.5 |
| LTP | 24,438.0 |
| Change | -25.0 (-0.1%) |
The contract witnessed sharp intraday swings, hitting session lows around midday before recovering in the afternoon. GIFT NIFTY tracked the cash market's weakness through most of the day, with the derivative contract mirroring the subdued sentiment that kept both Nifty 50 and Sensex under pressure.
Market Outlook
GIFT NIFTY heads into Session II at 24,438, positioned just above the day's low and reflecting the cautious undertone that dominated Indian equities. The contract's modest 0.1% decline suggests traders are awaiting fresh cues before taking decisive directional bets.