GIFT NIFTY reopened for its Session II at 23,879.5 on September 7, gapping up 37.5 points or 0.16% from the Session I close of 23,842. The opening candle at 16:35 IST printed a narrow range between 23,867 and 23,880 before settling at 23,871.5, signaling a tentative start to the evening session.
The modest gap higher came despite GIFT NIFTY trading 18.5 points or 0.08% below the previous day's close of 23,826.5. The index opened Session I at 23,999.5 in the morning and held that level as the day high before drifting lower through both sessions, touching an intraday low of 23,800 earlier in Session II.
| Metric | Level |
|---|---|
| Session I Close | 23,842.0 |
| Session II Open | 23,879.5 |
| Session Gap | +37.5 (+0.16%) |
| Current LTP | 23,808.0 |
| Change vs Prev Close | -18.5 (-0.08%) |
European Markets Trade Mixed Into Mid-Session
European equity markets presented a mixed picture as GIFT NIFTY Session II got underway, with the DAX and CAC 40 offering divergent signals. The German DAX traded at 25,979.55 in late afternoon, down 68.83 points or 0.27% from its prior close, while the French CAC 40 edged marginally higher at 8,278.77, shedding 7.63 points or 0.09% in one data feed but showing a gain of 4.97 points or 0.06% in another.
The FTSE 100 showed minimal movement, slipping 0.43 points to 10,831.09, effectively flat on the day. The broader Euro Stoxx 50 index traded at 6,385 points, down 7.73 points or 0.12% from the previous session, having lost 0.07% to settle at 6,388 points earlier in the day according to separate data.
The muted price action across European bourses suggested a lack of strong directional conviction, with no major economic releases or corporate developments driving sentiment. The Euro Stoxx 50's marginal decline of 1.4% for the month pointed to underlying caution, though intraday volatility remained contained.
GIFT NIFTY Outlook
GIFT NIFTY was last trading at 23,808 as of 19:09 IST, down from the Session II open and back below the Session I closing level. With European markets set to close around 21:30-22:00 IST and Session II running until 02:45 IST on September 8, further moves could emerge as liquidity thins into the overnight hours.