GIFT NIFTY settled at 24,297.5 on August 20, 2026, advancing 99 points or 0.41% from the previous close of 24,198.5. The offshore derivatives contract tracked Indian market sentiment through a volatile session, with traders positioning ahead of the evening trading window.
GIFT NIFTY Session Snapshot
| Metric | Value |
|---|---|
| Open | 24,200.5 |
| High | 24,359.5 |
| Low | 24,196.0 |
| LTP | 24,297.5 |
| Change | +99.0 (+0.41%) |
Intraday Price Action
GIFT NIFTY opened marginally higher at 24,200.5 and drifted lower in early Asian hours, testing the day's low of 24,196.0 near the 01:30 IST mark. The contract found support and staged a sharp rally during Indian market hours, surging past 24,270 levels shortly after 11:00 IST and hitting an intraday peak of 24,359.5 around 15:20 IST, coinciding with heightened activity near the Indian cash market close.
The index swung across a 163.5-point range during the session, reflecting choppy global cues and positioning flows. After touching the session high, GIFT NIFTY pared gains through the post-market hours, settling around 24,297 levels as Session II trading approached.
Market Outlook
GIFT NIFTY heads into the evening session consolidating near 24,300, with traders awaiting fresh triggers from global markets and overnight developments in U.S. equity futures. The contract's modest gain reflects cautious optimism, with the index holding above its previous close despite late-session profit-booking.