Indian Markets Close Higher on Broad-Based Buying
Nifty 50 closed at 24,171.25, advancing 119.20 points or 0.50% from the previous close of 24,052.05. The BSE Sensex ended at 77,565.54, up 0.66%, as benchmark indices recovered from morning losses to close firmly in positive territory.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,171.25 | +119.20 | +0.50% |
| Sensex | 77,565.54 | — | +0.66% |
Mid-session data showed Nifty trading at 24,178.50, up 126.45 points or 0.53%, while Sensex hovered around 77,510.42, gaining 455.48 points or 0.56%. The market erased early weakness and closed near session highs, with buying interest emerging across multiple sectors.
Sector Performance and Top Movers
Auto Retail led sectoral gains with a sharp 9.65% rally, followed by Rating Agencies (+2.65%), Rubber Products (+2.26%), and Cement (+2.14%). Insurance and Electrical Equipment sectors added 1.66% and 1.61% respectively, underpinning the broader market advance.
Healthcare stocks outperformed with an 18.97% surge tracked by 90 constituents, while Consumer Durables rose 14.57%. Chemicals and other defensive sectors also posted gains. ITC and Hindustan Unilever featured among top gainers, though specific closing prices were not available in market data.
GIFT NIFTY Tracks Domestic Move
GIFT NIFTY ended Session I at 24,063.0, nearly flat with a marginal gain of 2.5 points or 0.01% from the previous close of 24,060.5. The SGX derivative traded in a 236-point intraday range between a high of 24,214.5 and a low of 23,978.5, mirroring the volatility seen in the domestic cash market.
| Metric | Level |
|---|---|
| Open | 24,065.0 |
| High | 24,214.5 |
| Low | 23,978.5 |
| LTP | 24,063.0 |
| Change | +2.5 (+0.01%) |
The offshore Nifty contract saw a volatile intraday session, spiking above 24,200 during mid-day before pulling back sharply towards 23,980 in late afternoon trade. The index recovered from lows during the final hour, tracking the domestic market's late rally to settle marginally above Monday's close.
Market Outlook
GIFT NIFTY heads into Session II trading at 24,063, positioned just above the psychological 24,000 mark. With the cash market closing 108 points higher at 24,171, the derivatives contract is trading at a 108-point discount to spot, suggesting cautious positioning ahead of overnight global cues.