GIFT NIFTY reopened for its second session at 24,054.5 on Tuesday, gapping up 29.5 points or 0.12% from the Session I close of 24,025.0. The modest positive gap followed a choppy Session I that saw the index end below the previous day's close of 24,100.0.
As of 19:10 IST, GIFT NIFTY was trading at 24,093.0, down 7.0 points or 0.03% from the previous day's close. The index touched an intraday high of 24,112.5 across both sessions, while the day's low stood at 23,964.5. Session II opened with a tight range, with the first five-minute candle spanning just 15 points between a high of 24,055.5 and a low of 24,040.5.
| Metric | Level |
|---|---|
| Session I Close | 24,025.0 |
| Session II Open | 24,054.5 |
| Session Gap | +29.5 (+0.12%) |
| Current LTP | 24,093.0 |
| Change vs Previous Close | -7.0 (-0.03%) |
| Day High | 24,112.5 |
| Day Low | 23,964.5 |
European Markets Trade Mixed at Mid-Session
European markets were trading in mixed territory during GIFT NIFTY's Session II open, providing a muted directional cue. The FTSE 100 was up 1.11% at 10,418.36 as of 12:51 PM GMT+1, adding 114.48 points in mid-session trade. The German DAX 40 slipped 0.34%, shedding 85.14 points to trade at 24,825.27, while France's CAC 40 edged up 0.08%, gaining 6.70 points to reach 8,453.97.
The Euro Stoxx 50, the broader blue-chip index for the Eurozone, was trading at 6,264.40, up 6.98 points or 0.11% as of 9:21 AM GMT+2. The index moved in a narrow range between 6,253.93 and 6,268.90 during the morning session. The mixed performance across major European bourses reflected a lack of strong conviction, with London outperforming while Frankfurt lagged.
The divergence between UK and continental European markets came without clear macro catalysts in the available data. With European markets now in their sixth hour of trading, momentum remained subdued across sectors, offering limited directional impulse for GIFT NIFTY's extended session.
GIFT NIFTY Range Bound Early in Session II
GIFT NIFTY was trading in a narrow band through the first 75 minutes of Session II, having climbed 68.5 points from the session open to the current level of 24,093.0. The index remained below the previous day's close despite the positive session gap, reflecting cautious sentiment. Session II runs until 02:45 AM IST on Wednesday, with European markets scheduled to close around 9:00-9:30 PM IST, which could bring further volatility as overnight global cues thin out.