Indian Market Close
The Nifty 50 closed at 23,346.40, up 75.80 points or 0.32%, after trading in a 23,285.75-23,489.00 range. The index opened at 23,454.05 and saw choppy price action through the session before settling near the day's lows. The previous close stood at 23,270.60.
Broader indices showed divergent moves with Nifty Next 50 closing at 72,025.40, up 881.40 points or 1.24%, outperforming the benchmark. Nifty Bank ended at 56,358.70, gaining 302.95 points or 0.54%, while Nifty Financial Services closed at 25,510.00, up 191.65 points or 0.76%.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,346.40 | +75.80 | +0.32% |
| Nifty Next 50 | 72,025.40 | +881.40 | +1.24% |
| Nifty Bank | 56,358.70 | +302.95 | +0.54% |
| Nifty Fin Services | 25,510.00 | +191.65 | +0.76% |
GIFT NIFTY Session Snapshot
GIFT NIFTY closed Session I at 23,398.00, down 137.50 points or 0.58% from the previous close of 23,535.50. The contract opened at 23,502.50 in overnight trade and hit an intraday high of 23,526.00 before sliding to a session low of 23,272.00 during Indian market hours.
The offshore derivative tracked a volatile session, holding above 23,500 through the early Asian hours before coming under pressure from mid-morning. The index saw sharp selling between 11:00 and 13:30 IST, dropping over 200 points to touch 23,272.00, before recovering modestly into the close. GIFT NIFTY lagged the cash market's positive close, reflecting caution ahead of Session II.
| Parameter | Level |
|---|---|
| Open | 23,502.50 |
| High | 23,526.00 |
| Low | 23,272.00 |
| LTP | 23,398.00 |
| Change | -137.50 (-0.58%) |
Session Outlook
GIFT NIFTY heads into Session II at 23,398.00, trading 52 points above the Nifty 50 cash close. The 254-point intraday range signals elevated volatility, with the contract holding just above the 23,272 session low as global cues come into focus for the evening session.