GIFT NIFTY closed at 23,916.5, down 210.5 points or 0.87%, as Indian equities ended a choppy session in negative territory. The Nifty 50 settled at 24,031.70, while the BSE Sensex closed at 76,494.16, up marginally by 5.20 points.
The Nifty 50 opened at 24,004.10 and traded in a range of 23,965.70 to 24,089.80 before closing marginally below the psychological 24,100 mark. The session saw the index struggle to hold gains despite attempts to reclaim higher levels during intraday trade.
Sectoral Performance
Nifty IT led sectoral gains, advancing 91.15 points to close at 29,071.00. Nifty Auto added 115.35 points to settle at 26,578.40, while Nifty Bank rose 64.10 points to end at 55,357.75. These defensive and growth-oriented sectors provided support to the broader market amid mixed trading conditions.
Among individual stocks, Larsen & Toubro traded between ₹3,907 and ₹3,960, while Bajaj Finserv moved in the ₹1,760-₹1,779 range. UltraTech Cement saw prices between ₹11,531 and ₹11,650, and Bajaj Finance ranged from ₹908.10 to ₹924. Vedanta closed at ₹346.45, while Adani Enterprises settled at ₹2,938.30.
GIFT NIFTY Session Snapshot
GIFT NIFTY opened at 24,051.0 and hit an early high of 24,127.0 before encountering sustained selling pressure. The contract declined steadily through the Indian cash market session, touching a low of 23,884.0 in late afternoon trade before closing at 23,916.5.
The futures contract tracked the cash market's weakness closely, with heightened volatility during the 09:00-10:30 IST window as the Indian market opened. GIFT NIFTY shed over 200 points from its opening level, mirroring the cautious sentiment in domestic equities.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,031.70 | — | — |
| BSE Sensex | 76,494.16 | +5.20 | — |
| Nifty IT | 29,071.00 | +91.15 | — |
| Nifty Auto | 26,578.40 | +115.35 | — |
| Nifty Bank | 55,357.75 | +64.10 | — |
| Contract | Open | High | Low | LTP | Change |
|---|---|---|---|---|---|
| GIFT NIFTY | 24,051.0 | 24,127.0 | 23,884.0 | 23,916.5 | -210.5 (-0.87%) |
GIFT NIFTY heads into Session II at 23,916.5, with the contract holding near session lows and the 243-point intraday range signaling continued two-way action ahead of global cues.