GIFT NIFTY reopened for Session II at 23,919.0 on Monday evening, gapping up 75.5 points or 0.32% from the Session I close of 23,843.5. The opening five-minute candle saw the index touch 23,920.0 before slipping to close at 23,881.5, wiping out most of the initial gap.
The modest opening gain came despite GIFT NIFTY trading 40 points or 0.17% below the previous day's close of 23,877.5. The index had opened Session I at 23,900.0 in early morning trade and ranged between a day high of 23,940.5 and a day low of 23,623.0 across both sessions. By 19:10 IST, the last traded price stood at 23,837.5, reflecting continued weakness after the opening pop.
| Metric | Level |
|---|---|
| Session I Close | 23,843.5 |
| Session II Open | 23,919.0 |
| Gap | +75.5 (+0.32%) |
| Current LTP | 23,837.5 |
| Change vs Prev Day | -40.0 (-0.17%) |
European Markets Slide Mid-Session
European indices were trading sharply lower in mid-session as GIFT NIFTY reopened, providing a cautious backdrop for the evening session. The DAX fell 0.87% to 23,597.40, while the CAC 40 dropped 0.96% to 8,180.49 and the FTSE 100 declined 0.36% to 10,562.01, according to live market data feeds.
Separate quotes showed the DAX down 0.95% to 23,578.05 and the CAC 40 off 0.83% to 8,191.42, while the FTSE 100 was quoted down 0.32% to 10,566.60 and 0.45% to 10,552.43 in different data streams. The variance in readings reflected the fluid nature of intraday trading, but the direction was uniformly negative across Europe's major bourses.
The selloff extended to broader European benchmarks, with the FTSE MIB down 411.12 points to 47,198.24 and the IBEX 35 falling 238.20 points to 17,966.10. The Euro Stoxx 50, which tracks blue-chip leaders across the eurozone, had closed at 5,926.11 on April 10, up 0.51%, but intraday action on April 13 pointed to renewed pressure.
Market chatter referenced an oil price surge and geopolitical developments in the Strait of Hormuz as potential headwinds, though specific details on crude pricing and supply disruptions were not immediately available in the data streams. The European session, which began around 13:00 IST, had now been running for over six hours by the time GIFT NIFTY reopened.
| Index | Level | Change |
|---|---|---|
| FTSE 100 | 10,562.01 | -0.36% |
| DAX | 23,597.40 | -0.87% |
| CAC 40 | 8,180.49 | -0.96% |
Session II Outlook
GIFT NIFTY is now navigating Session II, which runs until 02:45 AM IST on Monday morning. European markets will close around 21:30-22:00 IST, potentially bringing fresh volatility as liquidity thins. The index has already given back its opening gap and is trading below both the Session II open and the previous day's close, suggesting a cautious tone for the extended session.