The Nifty 50 closed at 24,430.35 on Monday, gaining 159.50 points or 0.66%, as the Indian equity market posted a recovery session after opening marginally higher at 24,464.45. The index traded in a tight range between 24,423.50 and 24,525.75 through the session, with buying support emerging in the final hours.
The broader market sentiment remained cautiously positive, with IT stocks leading the rally and helping the benchmark index close firmly above the 24,400 mark. Sector performance details and specific stock moves were not available in closing data.
GIFT NIFTY tracked the Indian cash market lower through most of Session I, ending at 24,392, down 196 points or 0.8% from its previous close of 24,588. The offshore derivative opened at 24,563 in early Asian trade and briefly touched the session high of 24,594 before entering a sharp mid-session selloff.
The contract traded range-bound in the 24,570-24,590 zone through the early hours before the Indian cash market open at 09:15 IST. Post-open, GIFT NIFTY mirrored domestic weakness, sliding progressively through the morning and afternoon sessions. The steepest decline came in the final hour of trading, with the contract plunging from 24,490 at 17:15 IST to the session low of 24,383 by 17:55 IST as late sellers dominated.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,430.35 | +159.50 | +0.66% |
| Metric | GIFT NIFTY |
|---|---|
| Open | 24,563.0 |
| High | 24,594.0 |
| Low | 24,383.0 |
| LTP | 24,392.0 |
| Change | -196.0 (-0.8%) |
GIFT NIFTY heads into Session II at 24,392, trading roughly 38 points below the Nifty 50 cash close, reflecting continued caution in offshore derivative positioning despite the modest domestic rally.