The Nifty 50 closed at 23,995.95, up 228.50 points or 0.96%, snapping a five-day losing streak and reclaiming the psychological 24,000 mark after opening at 23,928.40. The Sensex rallied over 800 points to close at 76,765.92, down 69.86 points or 0.09% from its intraday high as late-session profit booking trimmed gains.
Market breadth turned positive with 3,193.34 lakh shares changing hands on the NSE, translating into a turnover of ₹25,338.40 crore. The sharp rebound came after benchmark indices had slid into correction territory earlier in the week, with the Nifty falling below 23,400 in the previous session.
Sectoral Performance
Financial Services led the advance, gaining 1.03%, followed by the Leather index which added 0.96%. Electrical Appliances climbed 0.93% while Agriculture & Allied Industries rose 0.92%. The BSE Bankex, however, bucked the trend, closing at 64,381.58, down 420.75 points or 0.65%, indicating selective buying across sectors.
The BSE Focused Midcap index edged up 20.35 points or 0.08% to 25,576.23, while the BSE Sensex 50 slipped 6.61 points to 25,148.10. Market participants remained cautious despite the rally, with volumes suggesting institutional activity rather than broad-based retail participation.
GIFT NIFTY Session Snapshot
GIFT NIFTY traded in a narrow 137-point range, oscillating between an intraday high of 24,339.00 and a low of 24,202.00 before settling at 24,303.50, up just 2.50 points or 0.01% from the previous close of 24,301.00. The derivative contract opened at 24,292.50 and tracked the cash market's recovery through the afternoon session.
The offshore index mirrored domestic volatility, dipping to session lows during mid-morning trade before staging a gradual recovery post-noon. GIFT NIFTY's muted closing move — despite the Nifty's near-1% gain — suggests cautious positioning ahead of Session II, with futures traders pricing in limited overnight momentum.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,995.95 | +228.50 | +0.96% |
| Sensex | 76,765.92 | -69.86 | -0.09% |
| GIFT NIFTY | Open | High | Low | LTP | Change |
|---|---|---|---|---|---|
| Session | 24,292.50 | 24,339.00 | 24,202.00 | 24,303.50 | +2.50 (+0.01%) |
GIFT NIFTY heads into the evening session at 24,303.50, showing minimal deviation from fair value despite the cash market's sharp intraday swing. The tight closing spread signals traders are awaiting fresh triggers, with the derivative contract offering limited directional cues for overnight global positioning.