GIFT NIFTY Opens Session II Higher on European Strength
GIFT NIFTY reopened for Session II at 24,183, marking a gap of 105 points or 0.44% above the Session I close of 24,078. The opening candle at 16:35 IST touched a high of 24,190 before settling at 24,177, establishing an early upward bias as European markets advanced into mid-session.
The gap extended GIFT NIFTY's intraday recovery, with the index now trading 163.5 points or 0.67% above the previous day close of 24,475. The day's range spans 24,034 to 24,644, reflecting volatility across both sessions. As of 19:10 IST, the last traded price stood at 24,638.5, sustaining gains into the evening session.
| Metric | Level |
|---|---|
| Session I Close | 24,078.0 |
| Session II Open | 24,183.0 |
| Session Gap | +105.0 (+0.44%) |
| Current LTP | 24,638.5 |
| Change vs Prev Close | +163.5 (+0.67%) |
European Markets Drive Session II Sentiment
European indices provided the primary tailwind for GIFT NIFTY's Session II open, with the DAX climbing 410.43 points or 1.71% to 24,401.70. The advance built on earlier pre-market signals that called for London's FTSE 100 to open 1% higher and France's CAC 40 to rise 0.8%, according to IG data. The FTSE 100 was last quoted at 10,219.11, though the direction remained unclear from available data.
The CAC 40 gained 86.19 points or 1.08% to reach 8,062.31, extending the Eurozone rally alongside the DAX. The Euro Stoxx 50 closed at 5,869.63, up 106.02 points or 1.84% at 18:00 GMT+2 on May 5, reflecting sustained momentum across blue-chip Eurozone stocks. The broad-based advance across European bourses underpinned risk appetite heading into GIFT NIFTY's evening session.
European market activity has been running for over three hours by the time GIFT NIFTY reopens at 16:35 IST, making the continent's mid-session performance the key external cue for Session II price discovery. The coordinated strength across Frankfurt, Paris, and London exchanges signaled improved sentiment following earlier session gains.
Session II Trading Outlook
GIFT NIFTY is trading near session highs at 24,638.5, maintaining upward momentum established at the Session II open. European markets will close around 21:00-22:00 IST, potentially introducing fresh volatility as GIFT NIFTY continues trading through 02:45 AM IST. The 455-point surge from Session II open to current levels reflects sustained buying pressure aligned with European market strength.