Indian Market Close
Nifty 50 closed at 23,380.90, shedding 35.65 points or 0.15% from the previous close of 23,416.55. The Sensex tumbled over 1,000 points during the session before paring some losses to close at 74,436.84, down 0.10%.
The session witnessed sharp intraday volatility. Nifty opened at 23,478.95, indicating initial strength, but failed to sustain higher levels. Volume stood at 256.23 crore shares traded on the NSE.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,380.90 | -35.65 | -0.15% |
| Sensex | 74,436.84 | - | -0.10% |
Sectoral and Stock Movements
Reliance Industries emerged as one of the most active counters, trading at ₹1,312.60, down ₹2.00. Maruti Suzuki traded in a range of ₹12,911 to ₹13,206, closing at ₹13,022. Shriram Finance ended at ₹911.70 after moving between ₹888.90 and ₹915.90.
Among pharma majors, Dr Reddy's Laboratories closed at ₹1,282, while Sun Pharmaceutical Industries ended at ₹1,798.80. Asian Paints settled at ₹2,692.90. Solar Industries and other sectoral heavyweights saw mixed action.
Nifty's week range remained wide at 22,182.55 to 26,373.20, underscoring the volatility witnessed in recent sessions. Specific sectoral performance data and FII/DII flow numbers were not available in market sources.
GIFT NIFTY Tracks Indian Market Lower
GIFT NIFTY closed at 23,428.50, down 110 points or 0.47% from the previous close of 23,538.50. The contract opened at 23,302, marking a sharp gap-down start in line with weak overnight cues.
| Metric | Level |
|---|---|
| Last Traded Price | 23,428.50 |
| Open | 23,302.00 |
| High | 23,582.00 |
| Low | 23,312.00 |
| Change | -110.00 (-0.47%) |
The session saw a volatile intraday range of 270 points between 23,582 and 23,312. GIFT NIFTY oscillated through the day, tracking the cash market's weakness, particularly during the afternoon selloff when Nifty tumbled over 300 points at its low.
Session Outlook
GIFT NIFTY now stands at 23,428.50 heading into Session II, reflecting continued caution. The contract's price action mirrored the cash market's struggle to hold opening levels, with both indices closing near intraday lows.