GIFT NIFTY Opens Session II Lower
GIFT NIFTY reopened for Session II at 23,489.5 at 16:35 IST on May 13, gapping down 54.5 points or 0.23% from the Session I close of 23,544.0. The opening tick marked a continuation of late-afternoon weakness, with the index initially testing 23,489.5 before recovering to 23,523.5 in the first five minutes.
The gap lower extended a modest intraday decline despite GIFT NIFTY trading 16.5 points or 0.07% above the previous day's close of 23,404.0 on a full-day basis. The day's cumulative range across both sessions stretched from 23,301.0 to 23,608.5, with Session I having closed near the lower end of that band.
| Metric | Level |
|---|---|
| Session I Close | 23,544.0 |
| Session II Open | 23,489.5 |
| Gap (Points/%) | -54.5 (-0.23%) |
| Current LTP | 23,420.5 |
| Change vs Prev Close | +16.5 (+0.07%) |
Mixed European Cues Drive Session II Tone
European markets presented a divided picture as GIFT NIFTY reopened, with the DAX climbing 0.75% to 24,134.83 while France's CAC 40 slipped 0.35% to 7,952.35. London's FTSE 100 edged up marginally by 0.04% to 10,269.80, reflecting cautious positioning across the region's major bourses. The divergence between German strength and French weakness suggested sector-specific flows rather than broad directional conviction.
The DAX's outperformance came after the index closed Monday at 23,954.93, staging an intraday recovery that added nearly 180 points by the time GIFT NIFTY's Session II commenced. The German benchmark's resilience contrasted with earlier-day losses of 1.62% or 395.35 points recorded in prior trading, indicating a midday reversal that provided some support to risk sentiment.
The Euro Stoxx 50, representing the broader Eurozone blue-chip landscape, closed its previous session at 5,808.45, down 87.00 points or 1.48%. The pan-European index's weakness set a cautious backdrop for Tuesday's session, though the midday rebound in German equities suggested some stabilization was underway. French equities remained under pressure with the CAC 40 unable to match the DAX's recovery momentum.
GIFT NIFTY Trades Below Session II Open
As of 19:09 IST, GIFT NIFTY was trading at 23,420.5, down 69 points from the Session II open and 123.5 points below the Session I close. Early Session II volatility saw the index slip to 23,482.5 within 10 minutes of reopening before stabilizing. With European markets scheduled to close around 21:30-22:00 IST and Session II running until 02:45 IST, further directional cues will depend on late European flows and any overnight developments from Asian futures markets.