GIFT NIFTY Reopens Higher for Session II
GIFT NIFTY reopened for Session II at 23,806 at 16:35 IST on March 12, posting a gap of 76 points or 0.32% above the Session I close of 23,730. The opening candle touched a high of 23,824.5 before settling at 23,772.5 in the first five minutes.
The positive gap lifted GIFT NIFTY marginally above the previous day's close of 23,714, erasing an intraday deficit. The contract had opened Session I at 23,856 and touched a day high of 23,894 before retreating. As of 19:10 IST, GIFT NIFTY traded at 23,700, down 14 points or 0.06% from the previous day's settlement.
| Metric | Level |
|---|---|
| Session I Close | 23,730 |
| Session II Open | 23,806 |
| Session Gap | +76 points (+0.32%) |
| Current LTP | 23,700 |
| Change vs Previous Day | -14 points (-0.06%) |
| Day High | 23,894 |
| Day Low | 23,617.5 |
European Markets Trade Lower Mid-Session
European indices were trading under pressure by the time GIFT NIFTY reopened, with the DAX losing ground across multiple data snapshots. Germany's DAX was quoted at 23,640.03, down 328.60 points or 1.37%, according to one feed, while another showed the index at 23,630.97, down 9.06 points. A third reading placed the DAX at 23,575.80, down 64.23 points or 0.27%.
Britain's FTSE 100 traded lower at 10,353.77, down 58.47 points, with another snapshot showing the index at 10,312.94, down 40.83 points or 0.39%. A third feed reported the FTSE 100 at 10,311.05, down 42.72 points or 0.41% as of 10:31 AM GMT.
France's CAC 40 showed mixed readings. One data point placed the index at 8,041.81, down 15.55 points or 0.19%, while another showed 8,018.62, down 23.19 points. A delayed quote indicated the CAC 40 had opened at 7,992.66 from a previous close of 8,057.36, with an intraday range of 7,961.32 to 8,041.02.
The Euro Stoxx 50, representing blue-chip Eurozone stocks, was reported at 5,778 in one reading, marking a 1% decline to close that segment. An earlier snapshot showed the index with a previous close of 5,837.17 and an opening level of 5,810.82, trading in a range of 5,753.60 to 5,818.10. The pan-European STOXX 600 was down 0.8% to 601 in one report.
| Index | Level (Latest Available) | Change |
|---|---|---|
| DAX | 23,640.03 | -328.60 (-1.37%) |
| FTSE 100 | 10,353.77 | -58.47 (-0.56%) |
| CAC 40 | 8,041.81 | -15.55 (-0.19%) |
| Euro Stoxx 50 | 5,778 | -1.0% |
Currency and Session II Outlook
The euro traded at $1.1539 against the dollar, down 0.0028, reflecting modest weakness in the single currency. Switzerland's SMI index was down 142.79 points to 12,922.40, while Spain's IBEX 35 fell 123.60 points to 17,228.30 and Italy's FTSE MIB declined 42.64 points to 44,730.32.
GIFT NIFTY's Session II runs until 02:45 AM IST on March 13. European bourses will close by around 21:30-22:00 IST, potentially shifting the sentiment landscape for the remaining overnight session. Early Session II trading has seen the contract oscillate between 23,757.5 and 23,824.5, with the current level at 23,700 suggesting modest profit-taking after the gap-up open.