The Nifty 50 closed at 24,559.25 on April 21, gaining 194.40 points or 0.80%, while the Sensex jumped 684.72 points or 0.87% to end at 79,205.02. The session marked a strong recovery from early weakness, with banking and realty stocks powering the advance.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,559.25 | +194.40 | +0.80% |
| Sensex | 79,205.02 | +684.72 | +0.87% |
Banking and Realty Lead Rally
Public sector banks and realty counters drove the session higher, with both sectors posting sharp gains. Banking stocks attracted buying interest through the afternoon, while real estate companies rallied on renewed investor appetite for the sector.
The Nifty 50 opened at 24,374.55 and traded in a wide intraday range of 24,354.90 to 24,571.25. The benchmark index briefly dipped below the 24,350 mark in early trade before staging a steady climb through the afternoon session. Buying momentum accelerated post-noon, lifting both indices past key resistance levels.
Among individual stocks, Grasim Industries closed at ₹2,720.50, trading between ₹2,697.30 and ₹2,771.90 during the session. Bajaj Finance ended at ₹908.25 after touching an intraday high of ₹920.90. On the losing side, Indian Energy Exchange declined to ₹124.99, while GMDC shed ground to close at ₹691.25.
GIFT Nifty Tracks Cash Market Strength
GIFT Nifty closed Session I at 24,574.50, up 134.0 points or 0.55% from the previous close of 24,440.50. The offshore derivative contract opened at 24,443.0 and traded in a range of 24,355.0 to 24,610.0, broadly tracking the Nifty 50's upward trajectory through the Indian trading hours.
| Parameter | Level |
|---|---|
| LTP | 24,574.50 |
| Open | 24,443.0 |
| High | 24,610.0 |
| Low | 24,355.0 |
| Change | +134.0 (+0.55%) |
The contract saw volatile trade through the morning session before finding support above the 24,400 mark. A sharp rally between 11:45 and 13:30 SGT pushed GIFT Nifty from session lows near 24,355 to highs above 24,570, mirroring the strength in the domestic cash market. The contract maintained gains through the afternoon, closing near the upper end of the day's trading range.
Session II Outlook
GIFT Nifty heads into the evening session at 24,574.50, positioned above the 24,550 mark as global cues take center stage. The contract's 255-point intraday range reflects the underlying volatility in domestic equities, with Session II likely to track overnight moves in US markets and commodity prices.