GIFT NIFTY Gaps Up 224 Points Into Session II as European Markets Rally

GIFT NIFTY Reopens Sharply Higher on European Strength

GIFT NIFTY reopened for Session II at 23,566.5 at 16:35 IST on June 12, gapping up 224 points or 0.96% from the Session I close of 23,342.5. The positive opening mirrored a strong mid-session rally across European indices, with the FTSE 100, DAX, and CAC 40 all trading in positive territory.

The gap lifted GIFT NIFTY into positive territory for the day after Session I had struggled below the previous day's close of 23,695. The index traded at 23,661 as of 19:09 IST, still down 34 points or 0.14% from the prior session but well off the day's low of 23,304.5 hit during Session I.

European Markets Drive Session II Tone

European equities provided the primary cue for GIFT NIFTY's Session II opening, with major indices posting solid gains by mid-afternoon European time. The FTSE 100 was up 159.77 points or 1.55% to 10,463.65, while the CAC 40 surged 185.41 points or 2.26% to 8,386.21, according to live market data.

Germany's DAX climbed 1.26% to 24,670.12, adding momentum to the broader European advance. The Euro Stoxx 50, the blue-chip benchmark for the eurozone, jumped 117.54 points or 1.94% to 6,174.50 as of mid-session, reflecting broad-based buying across sectors.

The rally came after European markets had opened higher, with the FTSE 100 gaining 129.79 points and the FTSE 250 adding 294.19 points earlier in the session. No specific macro catalyst was cited in available market data, but the coordinated advance suggested investors were rotating into risk assets.

Session II Range and Outlook

GIFT NIFTY opened Session II with an initial range of 23,546.5 to 23,568.5 in the first five-minute candle, then extended gains to touch 23,711.5 — the day's high across both sessions — before pulling back to the 23,661 level. Session II runs until 02:45 AM IST on June 13, and European markets will close around 21:00-22:00 IST, which could influence late-session volatility.