GIFT NIFTY reopened for Session II at 22,280.50, gapping down 154.5 points or 0.69% from the Session I close of 22,435.00. The opening marked the day's low at 22,278.00 as the contract tracked a broad selloff across European equity markets.
The session gap left GIFT NIFTY 67.5 points below the previous day's close of 22,491.00, though the contract recovered sharply in the first 15 minutes of trading. By 19:10 IST, GIFT NIFTY was trading at 22,565.00, up 74 points or 0.33% from the previous close, erasing the opening losses and reclaiming positive territory for the day.
European Markets Drive Session II Weakness
European indices were trading firmly lower in mid-session, providing the primary cue for GIFT NIFTY's gap-down reopening. The FTSE 100 was down 126.56 points or 1.19% at 10,479.44, while Germany's DAX declined 200.02 points or 0.79% to 25,199.19. France's CAC 40 fell 71.36 points or 0.89% to 7,964.51.
The Euro Stoxx 50, tracking Eurozone supersector leaders, declined 51.24 points or 0.81% to close at 6,269.02 as of 18:00 GMT+2. The index had fallen to 6,245.00 during intraday trading, losing 0.36% from the previous session according to separate data feeds.
The weakness was broad-based across European bourses. Spain's IBEX 35 shed 91.30 points or 0.47% to 19,426.20, while Italy's FTSE MIB dropped 432.96 points or 0.84% to 51,371.98. The synchronized decline suggested risk-off sentiment ahead of the final trading hours in Europe, which will conclude around 21:00-22:00 IST during GIFT NIFTY's Session II.
GIFT NIFTY Session II Snapshot
| Metric | Level |
|---|---|
| Session I Close (15:35) | 22,435.00 |
| Session II Open (16:35) | 22,280.50 |
| Session Gap | -154.5 (-0.69%) |
| Current LTP (19:10 IST) | 22,565.00 |
| Change vs Previous Close | +74.0 (+0.33%) |
| Day High | 22,662.00 |
| Day Low | 22,278.00 |
European Indices Mid-Session
| Index | Level | Change | % Change |
|---|---|---|---|
| FTSE 100 | 10,479.44 | -126.56 | -1.19% |
| DAX | 25,199.19 | -200.02 | -0.79% |
| CAC 40 | 7,964.51 | -71.36 | -0.89% |
| Euro Stoxx 50 | 6,269.02 | -51.24 | -0.81% |
GIFT NIFTY is trading at 22,565.00 in early Session II, having recovered 284.5 points from the opening low. Session II runs until 02:45 AM IST, with European markets set to close during the session, potentially bringing further directional moves as liquidity shifts to Asian futures markets overnight.