Gifto USD Price & Performance (GFTUSD)

The Nifty 50 closed at 22,959.50, recovering from earlier losses and gaining 30.25 points. Pharma and metal sectors led gains, while IT and media sectors lagged. Analysts suggest 22,800 remains a strong support, with 23,100 as immediate resistance. Broader markets showed mixed performance with small-cap indices under pressure.12

GIFT Nifty traded lower by 20.50 points, signaling a cautious start for Indian markets. Global cues remain weak, with Asian shares down and US indices facing pressure from economic uncertainties. Investors also monitor rising volatility as India VIX climbed 0.4%, reflecting increased fear in the markets.34

Indian markets faced losses as IT stocks led declines, with Nifty ending at 22,553. Persistent volatility and weak US consumer sentiment added pressure. However, analysts anticipate support from fiscal measures and easing inflation concerns, which could boost FMCG and banking sectors in the near term.56