GIFT NIFTY ended at 23,616.50 on May 18, down 138.5 points or 0.58% from the previous close of 23,755.00, mirroring a volatile session on the Indian cash market. The Nifty 50 closed at 23,626.15, shedding 0.19%, while the BSE Sensex ended at 75,095.00, up 143 points or 0.19% on the day.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,626.15 | — | -0.19% |
| BSE Sensex | 75,095.00 | +143.00 | +0.19% |
Indian Market Session
The benchmark indices reversed early losses to close mixed, with the Sensex managing modest gains while the Nifty slipped into negative territory. At 11:30 am, the Sensex was down 430.04 points or 0.57%, trading near 74,850 levels before staging a late recovery. The Nifty traded near 23,500 at midday, down 0.57%, before paring losses in the final hours of the session.
Broader markets underperformed the benchmarks, with the Nifty Midcap 100 falling 654.66 points or 1.08% to 59,912.50 and the Nifty Smallcap 50 sliding 158.41 points or 1.79% to 8,666.55. The Nifty Midcap 50 declined 169.86 points or 0.98% to 17,103.30, while the Nifty 500 ended at 22,317.95.
Among Nifty constituents, Tech Mahindra closed at ₹1,370.50, while Bharti Airtel traded at ₹1,905.40 after hitting an intraday high of ₹1,917.60. Power Finance Corporation, Godrej Consumer Products, Punjab National Bank, and Indian Railway were among the top losers on the day, though specific percentage moves were not available. The session saw divergent sector trends with select heavyweight stocks cushioning the fall in broader indices.
GIFT NIFTY Tracks Volatile Indian Session
GIFT NIFTY opened at 23,635.50 and traded in a wide intraday range between a high of 23,706.00 and a low of 23,343.50, a swing of over 360 points. The session witnessed sharp volatility in the midday hours, with the index slumping to session lows near 23,345 around 12:25 pm before staging a recovery through the afternoon.
| Metric | Level |
|---|---|
| Open | 23,635.50 |
| High | 23,706.00 |
| Low | 23,343.50 |
| LTP | 23,616.50 |
| Change | -138.5 (-0.58%) |
The derivatives index rallied sharply into the Indian market close, spiking to 23,667.50 around 15:30 IST before settling back. A late afternoon surge at 17:30 pushed GIFT NIFTY to its session high of 23,706.00, reflecting brief buying interest that failed to sustain into the closing hour.
GIFT NIFTY heads into Session II at 23,616.50, marginally above the Nifty cash close of 23,626.15, signaling a cautious start to overnight trading as global cues take center stage.