Indian Market Close
The Nifty 50 closed at 24,051.70, down 103.20 points or 0.43%, extending losses for a second consecutive session. The BSE Sensex fell 345.14 points or 0.45% to settle at 76,890.32. Market breadth remained negative as IT and banking shares dragged the benchmarks lower.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,051.70 | -103.20 | -0.43% |
| Sensex | 76,890.32 | -345.14 | -0.45% |
Session Drivers
Weakness in IT and technology stocks weighed on the indices as investors booked profits following recent gains. The Nifty 50 opened lower at 24,152.05 and drifted through the session, with selling pressure intensifying in the final hour. Sector rotation remained muted as cautious sentiment kept buyers on the sidelines.
Trading volumes on the NSE stood at 2,677.06 lakh shares. The Nifty 50 has now declined 0.74% over the past month and remains 6.45% below its year-to-date peak. The index is trading 7.56% lower for the calendar year, though it has delivered a 45.79% gain over the past five years.
While sectoral performance data showed mixed trends, with sugar stocks gaining 2.08% and e-commerce aggregator stocks up 1.27%, these pockets of strength failed to offset broader market pressure. Gas distribution and retail chains also posted modest gains of 0.75% and 0.74% respectively.
GIFT NIFTY Session
GIFT NIFTY ended at 24,102, down 85.5 points or 0.35% from the previous close of 24,187.5. The contract opened at 24,195 and hit an intraday high of 24,221.5 in the pre-market session before selling pressure emerged. The low of 24,068 was recorded during the afternoon, tracking weakness in the cash market.
| Metric | Level |
|---|---|
| Open | 24,195.0 |
| High | 24,221.5 |
| Low | 24,068.0 |
| LTP | 24,102.0 |
| Change | -85.5 (-0.35%) |
The contract traded in a volatile 153.5-point range, with a sharp selloff around midday pushing prices from the 24,200 zone to below 24,100. A brief recovery attempt in the late afternoon session faded as GIFT NIFTY settled near session lows.
Outlook
GIFT NIFTY heads into Session II at 24,102, with the derivatives market pricing in continued caution ahead of fresh global and domestic cues.