GIFT NIFTY Gaps Down 28 Points Into Session II as European Markets Trade Mixed

Session II Opens With Modest Gap Down

GIFT NIFTY reopened for its evening session at 24,002.0 at 16:35 IST on Monday, April 28, gapping down 28.5 points or 0.12% from the Session I close of 24,030.5. The index slipped further in early Session II trade, touching 23,991.5 within the first five minutes before settling at 23,999.5 by 16:40 IST.

The gap lower extended GIFT NIFTY's losses for the day, with the index trading at 23,994.0 as of 18:58 IST, down 126.0 points or 0.52% from the previous day's close of 24,120.0. The day's high of 24,177.0 was recorded during Session I, while the low of 23,956.0 came after Session II opened.

European Markets Post Marginal Gains Mid-Session

European equities were trading modestly higher during GIFT NIFTY's Session II open, providing a mixed backdrop for the Indian derivatives market. The FTSE 100 was up 0.41% at 10,363.36 as of 11:12 AM GMT, adding 42.27 points, according to delayed quotes. The DAX advanced 0.13% to 24,114.38, while the CAC 40 gained 0.28% to 8,164.82.

The broader Euro Stoxx 50 index, however, slipped 0.39% to close at 5,860.32 on April 27, reflecting a seventh consecutive session of losses for European stocks. Market data showed the DAX at 24,115.33 with a gain of 31.80 points, and the CAC 40 at 8,156.80, up 14.88 points, in separate readings.

The divergence in European performance — with London and Frankfurt posting small gains while the Euro Stoxx 50 extended its losing streak — suggested cautious sentiment across the region. No major macro catalysts or sector-specific drivers were evident in the available market data.

Session II Outlook

GIFT NIFTY is trading near 23,994.0 in early Session II hours, holding below the 24,000 mark. The evening session runs until 02:45 AM IST, with European markets set to close around 21:00-22:00 IST, which could bring fresh directional cues.