Indian Market Close
The Nifty 50 ended sharply lower at 23,880.55, shedding 275.50 points or 1.16%, as bears stormed back into action after a brief three-day rally. The Sensex mirrored the weakness, crashing 703 points to close below the 79,000 mark, extending losses into the closing hour.
| Index | Close | Change (pts) | Change (%) |
|---|---|---|---|
| Nifty 50 | 23,880.55 | -275.50 | -1.16% |
| Sensex | ~78,862 | -703 | ~-0.88% |
The session high for Nifty stood at 24,074.05, with the index plunging to an intraday low of 23,856.35 as selling intensified through the afternoon. Market breadth turned decisively negative, with downward pressure building across the board as the benchmark slid from early highs.
Market Drivers
Profit booking dominated the session after the recent three-day rally ran out of steam. The sharp reversal came amid concerns over valuation and global headwinds, with investors choosing to book gains at elevated levels. The selloff accelerated in the final hour, dragging both indices into the red zone.
Sector-specific data and individual stock movers were not detailed in available closing reports. The broad-based nature of the decline pointed to risk-off sentiment rather than concentrated weakness in particular pockets of the market.
FII and DII Activity
Foreign Institutional Investors were net buyers of ₹672.09 crore in the cash segment on April 10, 2026, while Domestic Institutional Investors purchased ₹410.05 crore worth of equities on the same session. In the derivatives segment, FIIs added ₹3,438.35 crore in index futures, with Nifty futures seeing inflows of ₹2,242.38 crore and Bank Nifty attracting ₹1,158.61 crore. Updated figures for today's session remain pending.
| Category | Date | Net (₹ Cr) |
|---|---|---|
| FII Cash | 10-Apr-2026 | +672.09 |
| DII Cash | 10-Apr-2026 | +410.05 |
| FII Index Futures | 10-Apr-2026 | +3,438.35 |
GIFT NIFTY Session I
GIFT NIFTY tracked the domestic market weakness, closing Session I at 23,849.50, down 170.50 points or 0.71% from the previous close of 24,020.00. The contract opened marginally lower at 23,900.00 but witnessed a sharp mid-morning selloff that dragged prices to a session low of 23,623.00 around the 11:45 mark, a decline of over 300 points from the open.
The index recovered steadily through the afternoon, clawing back to a session high of 23,940.50 during the post-3:30 PM window as the Indian cash market closed. GIFT NIFTY traded in a wide 317.50-point range, reflecting heightened volatility as the contract oscillated between sharp losses and recovery attempts before settling near session highs.
| Metric | Level |
|---|---|
| Open | 23,900.00 |
| High | 23,940.50 |
| Low | 23,623.00 |
| LTP | 23,849.50 |
| Change | -170.50 (-0.71%) |
Looking Ahead
GIFT NIFTY now heads into Session II trading at 23,849.50, holding a slight discount to the Nifty 50 cash close. The contract's ability to defend the 23,850 level will be closely watched for directional cues in the overnight session.