Indian Benchmarks Close Marginally Lower
The Nifty 50 closed at 24,187.50, down 20.25 points or 0.08%, while the Sensex settled at 77,297.48, shedding 0.23% in a lacklustre session on August 27. Both benchmarks traded in a narrow range through the day, with Nifty opening at 24,277.60 and swinging between an intraday high of 24,297.45 and a low of 24,142.15.
The session saw muted investor participation as Indian equities struggled for direction. The previous close for Nifty 50 stood at 24,207.75, marking a modest pullback from recent levels. Year-to-date, the benchmark has shed 7.61%, while the one-year performance shows a decline of 2.87%.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,187.50 | -20.25 | -0.08% |
| Sensex | 77,297.48 | -177.82 | -0.23% |
GIFT NIFTY Tracks Domestic Weakness
GIFT NIFTY ended Session I at 24,235.50, down 123 points or 0.5% from the previous close of 24,358.50. The contract opened at 24,359.00 and traded in a 176.5-point range between a high of 24,406.50 and a low of 24,230.00. The session saw early strength evaporate into a sustained afternoon selloff before a late partial recovery.
The GIFT NIFTY contract mirrored the cash market's subdued tone through most of the day, with selling pressure intensifying during the 12:00-14:00 IST window as the contract slid from 24,349 levels to a session low of 24,230. A modest bounce in the final hour lifted the contract back above 24,300 levels before settling at 24,235.50 by 18:09 IST.
| Session | Open | High | Low | LTP | Change |
|---|---|---|---|---|---|
| GIFT NIFTY | 24,359.0 | 24,406.5 | 24,230.0 | 24,235.5 | -123.0 (-0.5%) |
Session II Outlook
GIFT NIFTY heads into Session II trading at 24,235.50, positioned 52 points below the cash market close as global cues and overnight developments will dictate early momentum.