GIFT NIFTY closed at 24,097 on May 25, gaining 376 points or 1.59% from its previous close of 23,721, tracking a robust rally in the Indian cash market where the Nifty 50 and Sensex posted sharp gains.
The Nifty 50 closed at 23,978.35, up 259.05 points, while the BSE Sensex ended at 76,336.88, rallying 921.53 points or 1.12%. The broad-based advance was led by strong buying across key sectors, with the benchmark indices reclaiming important psychological levels after recent volatility.
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,978.35 | +259.05 | — |
| Sensex | 76,336.88 | +921.53 | +1.12% |
Sectoral Performance Drives Rally
Nifty Bank surged 1,034.20 points to close at 55,089.55, rebounding sharply after recent weakness that had dragged banking stocks lower. The IT pack also contributed to the upside, with Nifty IT adding 204.10 points to settle at 29,116.55. The recovery in these heavyweight sectors provided strong support to the benchmark indices.
Among heavyweights, Larsen & Toubro traded in a range of ₹3,907 to ₹3,960, while Bajaj Finserv moved between ₹1,760 and ₹1,779. UltraTech Cement quoted between ₹11,531 and ₹11,650, and Bajaj Finance ranged from ₹908.10 to ₹924. The selective strength in large-caps anchored the session's gains.
GIFT NIFTY Tracks Cash Market Higher
GIFT NIFTY opened at 23,890 and traded in a 240-point range between an intraday low of 23,880 and a high of 24,120. The contract tracked the Indian cash market through the domestic trading hours, holding above the 23,900 mark for most of Session I before accelerating sharply in the final hours.
| Metric | Level |
|---|---|
| Open | 23,890.0 |
| High | 24,120.0 |
| Low | 23,880.0 |
| LTP | 24,097.0 |
| Change | +376.0 (+1.59%) |
The derivative contract saw a volatile reversal from midday lows near 23,905, staging a sharp recovery post-13:00 SGT that lifted prices through the 24,000 mark. The momentum strengthened into the final hour, with GIFT NIFTY pushing toward session highs as overseas participants priced in the domestic market's strong close.
Market Breadth and Outlook
The session's advance was supported by improving market breadth, with gains outnumbering declines across NSE-listed stocks. The rally came after recent pressure that had seen the Nifty 50 test support levels, with earlier concerns around banking sector weakness and subdued institutional flows.
GIFT NIFTY heads into Session II at 24,097, holding firm above the psychological 24,000 level and maintaining a premium to the Nifty 50 cash close.