GIFT NIFTY Opens Session II Lower
GIFT NIFTY reopened for Session II at 24,269 on Tuesday evening, gapping down 151 points or 0.62% from the Session I close of 24,420. The evening session opened sharply below the afternoon close, with the index dipping to 24,258 in early trading before steadying around 24,272.
The gap lower marked a reversal from Session I, which had closed near the day's highs after GIFT NIFTY climbed from a morning open of 24,075.50. Against the previous day's close of 24,239, the index was still marginally higher by 10 points or 0.04% at last trade of 24,249 as of 7:10 PM IST.
| GIFT NIFTY Session II Snapshot | Level |
|---|---|
| Session I Close (15:40 IST) | 24,420.0 |
| Session II Open (16:35 IST) | 24,269.0 |
| Session Gap | -151.0 (-0.62%) |
| Current LTP (19:10 IST) | 24,249.0 |
| Change vs Previous Day | +10.0 (+0.04%) |
| Day High | 24,450.0 |
| Day Low | 24,072.0 |
European Markets Drag on Session II Open
European markets were trading lower in mid-session as GIFT NIFTY reopened, weighing on sentiment. The FTSE 100 was down 74.27 points or 0.72% at 10,258.52 as of around 5:12 PM IST (11:12 AM GMT), according to delayed quotes. The index had fallen from Monday's close of 10,332.79, shedding nearly 80 points in afternoon trade.
Germany's DAX slipped 55.59 points or 0.23% to 23,962.67, while France's CAC 40 dropped 61.03 points or 0.75% to 8,043.06. The broader Euro Stoxx 50 was down 24.22 points or 0.41% at 5,836.10 at the European close on Monday, with Tuesday's intraday data showing continued weakness across major eurozone bourses.
The FTSE 250 underperformed its large-cap peer, falling 180.01 points or 0.80% to 22,399.42. Spain's IBEX 35 bucked the trend with a gain of 82 points to 17,774.90, while Italy's FTSE MIB added 366.33 points to 48,040.24, suggesting selective strength in southern European markets.
| European Indices (Mid-Session) | Level | Change |
|---|---|---|
| FTSE 100 | 10,258.52 | -74.27 (-0.72%) |
| DAX | 23,962.67 | -55.59 (-0.23%) |
| CAC 40 | 8,043.06 | -61.03 (-0.75%) |
| Euro Stoxx 50 (Monday close) | 5,836.10 | -24.22 (-0.41%) |
Session II Range and Outlook
GIFT NIFTY traded in a narrow 29.5-point range in the first 15 minutes of Session II, oscillating between 24,258 and 24,287.50 before settling near 24,249. The evening session runs until 2:45 AM IST Wednesday, with European markets set to close around 9:00-9:30 PM IST, which could bring further direction to the index. The day's high of 24,450 was hit during Session I, while the low of 24,072 came early in the morning session.