Indian Market Close
The Nifty 50 closed at 24,464.85, down 118.95 points or 0.48% from the previous session's close of 24,583.80. The index opened at 24,575.10 and slipped to an intraday low of 24,436.70 before paring some losses into the close. The Sensex ended at 78,157, with both benchmarks trimming earlier gains as selling pressure intensified through the afternoon.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,464.85 | -118.95 | -0.48% |
| Sensex | 78,157 | — | — |
Session Drivers
The session saw mixed sector performance, with select pockets of strength unable to offset broader weakness. Specific sector moves and top gainers remained limited in available data, though the intraday chart pointed to steady erosion of early firmness as the cash market progressed through the day.
The index swung through a 140-point range during the session, with the high of 24,576.85 registered in early trade before persistent selling dragged the benchmark lower. The 52-week high for Nifty stands at 26,373.20, indicating the index remains well below recent peaks.
GIFT NIFTY Session
GIFT NIFTY ended Session I at 24,523.5, down 95 points or 0.39% from the previous close of 24,618.5. The offshore derivative tracked the domestic cash market's weakness, opening at 24,618.5 and hitting a high of 24,627.0 in early hours before sliding to an intraday low of 24,495.0. The contract spent much of the session in a gradual downtrend, mirroring the Nifty's inability to hold opening levels.
| Metric | Level |
|---|---|
| Open | 24,618.5 |
| High | 24,627.0 |
| Low | 24,495.0 |
| LTP | 24,523.5 |
| Change | -95.0 (-0.39%) |
The intraday price action showed a sharp selloff between 11:45 and 12:15 SGT, with GIFT NIFTY dropping from 24,608 to 24,518 as the cash market entered its final trading hours. A modest recovery attempt in late afternoon lifted the contract back above 24,540 briefly, but the index settled near session lows.
Outlook
GIFT NIFTY heads into Session II at 24,523.5, down nearly 100 points from the previous close, with the contract trading 58 points above the cash market's close. The offshore derivative remains below the psychological 24,600 mark as overnight cues will dictate early direction for Tuesday's Indian session.