GIFT NIFTY Gaps Up 104 Points Into Session II as European Markets Rally

GIFT NIFTY reopened for Session II at 23,059.5, gapping up 104 points or 0.45% from the Session I close of 22,955.5. The contract traded to an early high of 23,066.5 in the opening candle at 16:35 IST before settling around 23,063.5 by 19:10 IST.

The positive gap extended a modest recovery from Session I's late afternoon pullback. For the full trading day, GIFT NIFTY remained down 74 points or 0.32% against the previous day's close of 23,137.5, with the day's range spanning 22,785.0 to 23,187.5 across both sessions combined.

European Markets Drive Session II Sentiment

European indices traded in positive territory through mid-session, providing supportive cues for GIFT NIFTY's reopening. The DAX climbed 109.79 points or 0.47% to 23,277.87, while the FTSE 100 gained 30.68 points or 0.29% to 10,466.97, according to mid-session market data.

The CAC 40 advanced alongside its regional peers, with European stock indices broadly registering gains as Session II commenced. The Euro Stoxx 50 opened at 5,672.13 after closing the previous session at 5,732.71, though detailed intraday performance data for the pan-European benchmark remained limited in available feeds.

The positive European session provided a constructive backdrop for GIFT NIFTY's gap-up reopening, with German and UK markets leading the advance. Continental bourses showed resilience despite earlier session volatility, translating into firmer sentiment for the India derivative contract as Session II got underway.

Session II Range and Outlook

GIFT NIFTY traded around 23,063.5 by early evening, holding above the Session II opening level. Session II runs until 02:45 AM IST, with European markets scheduled to close around 21:00-22:00 IST, which could bring further directional cues as continental trading winds down.