GIFT NIFTY settled at 22,599.5, down 199.5 points or 0.88%, mirroring a subdued close in the Indian cash market where Nifty 50 ended at 22,555.80, down 145.20 points or 0.64%. The Sensex closed at 72,571.08, shedding 484.91 points or 0.68%, as selling pressure persisted through the session.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 22,555.80 | -145.20 | -0.64% |
| Sensex | 72,571.08 | -484.91 | -0.68% |
Indian Market Drivers
Nifty 50 opened at 22,690.45 and came under pressure as the session progressed, with the benchmark slipping below the 22,600 mark. The index had earlier touched an intraday level of 22,630.90 at 2:35 PM before settling lower. Selling intensified in the final hour of trade, dragging the Sensex down nearly 485 points from the previous close.
Financial services stocks, which carry a 36.47% weightage in Nifty 50, remained a key focus area. The index's composition also includes 9.52% oil and gas, 8.48% information technology, 7.06% automotive, and 5% from other sectors. Sector-wise, Education stocks rose 3.67%, Ceramic Products gained 1.82%, and Leather added 1.49%. Electronic Manufacturers and Telecom sectors posted modest gains of 1.03% and 0.92% respectively.
Over the past 52 weeks, Nifty 50 has traded in a range of 22,182.55 to 26,373.20, with the current level indicating continued consolidation near the lower end of this band. The index has declined 4.99% from its recent average of 23,143.47. Market participants monitored stock performance across 13 different sectors, though detailed FII/DII flow data for the session was not immediately available.
GIFT NIFTY Session
GIFT NIFTY opened Session I at 22,776.5 and traded in a 320-point range between a high of 22,893.5 and a low of 22,573.5. The contract saw sharp volatility during Indian market hours, with notable selling pressure accelerating post-noon. The derivative contract weakened through the afternoon, briefly touching session lows near 22,573 before settling at 22,599.5.
| Metric | Level |
|---|---|
| Open | 22,776.5 |
| High | 22,893.5 |
| Low | 22,573.5 |
| LTP | 22,599.5 |
| Change | -199.5 (-0.88%) |
The session reflected broad-based weakness, with the contract lagging the cash market decline in percentage terms. GIFT NIFTY tracked the domestic selloff closely, ending Session I at 22,599.5 as traders positioned ahead of the overnight session.