The Nifty 50 ended at 24,160, sliding 166 points or 0.68%, while the Sensex closed at 77,284.58, down 559.94 points or 0.72%, in a session marked by steady selling pressure across sectors. The benchmark indices opened weak and spent the entire day in negative territory, with intraday lows touching 24,138.40 on the Nifty.
Indian Market Performance
The Nifty 50 traded in a 115-point range between 24,138.40 and 24,253.80, closing near session lows as bears maintained control throughout. The Sensex mirrored the weakness, unable to stage a meaningful recovery after opening sharply lower at the bell.
Sectoral performance reflected the broad-based selloff, with most major indices ending in the red. Paint stocks provided a pocket of strength, rallying on bullish sector commentary from Investec. Asian Paints topped the Nifty gainers list, while Berger Paints jumped 6% on the optimistic brokerage outlook.
Top Movers
HDFC Life closed at ₹606.35, down from an opening price of ₹611.00, while Bajaj Auto slipped to ₹10,319.00 after touching an intraday high of ₹10,740.00. On the upside, Adani Ports gained 1.83% to close at ₹1,764.50, and Bajaj Auto managed a 1.20% advance to ₹10,732.00 in volatile trade. Nestle India added 0.80% to end at ₹1,487.80.
SBI shed 0.35% to ₹1,091.80, while Thermax declined 1.95% to ₹4,101.00 as weakness spread across banking and industrial counters.
GIFT NIFTY Session Recap
| Metric | Value |
|---|---|
| Open | 24,309.50 |
| High | 24,327.50 |
| Low | 24,131.00 |
| LTP | 24,223.50 |
| Change | -67.50 (-0.28%) |
GIFT NIFTY tracked the domestic market lower, closing at 24,223.50, down 67.50 points or 0.28% from the previous close of 24,291.00. The offshore derivative opened at 24,309.50 and touched an intraday high of 24,327.50 in early Asian trade before sliding to a session low of 24,131.00 during the Indian market hours. The 196-point intraday range captured the volatility, with GIFT NIFTY dipping sharply during the afternoon session before recovering modestly into the close.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,160.00 | -166.00 | -0.68% |
| Sensex | 77,284.58 | -559.94 | -0.72% |
Ahead of Session II
GIFT NIFTY stands at 24,223.50 heading into the evening session, positioned 63 points above the Nifty 50 cash close. The offshore derivative will continue tracking global cues and Asian market sentiment through the extended trading window.