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GIFT NIFTY News

GIFT NIFTY Rises 0.33% to 24,363 as Nifty 50 Inches Up 4 Points, IT Powers Late Rally

Nifty 50 closed marginally higher at 24,254 on Wednesday, supported by IT stocks, while GIFT NIFTY tracked the session with a 79.5-point gain.

By · · 23d ago

Indian Market Close

The Nifty 50 closed at 24,254.20 on July 30, 2026, adding 4.00 points or 0.02% in a subdued session that saw late buying in technology stocks offset weakness across broader sectors. The BSE Sensex ended at 77,678.03, up 23 points or 0.03%, as traders remained cautious amid choppy intraday moves.

IndexCloseChange% Change
Nifty 5024,254.20+4.00+0.02%
Sensex77,678.03+23.00+0.03%

Sector and Stock Performance

Information technology stocks led the advance, powering a late-session rally that lifted both benchmarks into positive territory. Auto manufacturers and auto retail also posted gains, with the auto segment rising 0.99% and auto retail up 1.06%. Tyres emerged as the top-performing sector with a 2.20% jump, while apparel and clothes advanced 1.12%.

Reliance Industries weighed on the index, shedding 4.17% to close at 238.39, the sharpest decline among Nifty constituents by weightage. The previous session's close of 24,250.20 set the tone for a range-bound Wednesday, with intraday volatility keeping gains muted despite pockets of strength in select sectors.

Market breadth remained mixed as traders assessed the divergence between heavyweight stocks and broader market momentum. Commercial and transport services, capital goods, and banking sectors saw limited directional movement, contributing to the lacklustre close.

GIFT NIFTY Session

GIFT NIFTY closed at 24,363.50, gaining 79.5 points or 0.33% over the previous close of 24,284. The contract opened at 24,285.50 and traded in a 187.5-point range between a low of 24,206 and a high of 24,393.50, largely tracking the cash market's muted moves through the Indian session before spiking in the final hour.

The offshore derivative saw a volatile session with a sharp selloff mid-morning dragging levels to the session low near 10:30 SGT, followed by a steady recovery that accelerated post-15:00 IST as IT stocks lifted Nifty in late trade. GIFT NIFTY's final surge to 24,393.50 came in the 15:00-15:05 window, mirroring the cash market's closing momentum.

MetricLevel
Open24,285.50
High24,393.50
Low24,206.00
LTP24,363.50
Change+79.50 (+0.33%)

Outlook

GIFT NIFTY heads into Session II at 24,363.50, holding above the 24,350 mark after Wednesday's late-session bounce. The contract's 0.33% premium to the cash close suggests overnight positioning remains cautiously optimistic, though the narrow margin and earlier intraday weakness signal traders are awaiting fresh catalysts.

About the Author

HK
Hareesh K

Finance Research Executive · SEBI Registered

8+ years in equity research and market strategy. Previously at Geojit Financial Services, Muthoot Finance, and Federal Bank.