GIFT NIFTY opened at 24,132.0 on Tuesday morning, marking a modest 0.07% gain from its previous close of 24,114.50, before climbing to trade at 24,143.50 by the time Indian cash markets commenced at 09:15 IST. The contract registered an intraday high of 24,144.0 and a low of 24,107.0, reflecting a narrow trading range of just 37 points in the early session.
The opening came after a turbulent overnight session that saw GIFT NIFTY swing sharply from elevated levels. The contract had started the night at 24,198.50 and briefly touched 24,216.50 in the first 15 minutes of trading before retreating steadily through the session. Between 00:40 and 01:00 SGT, the index experienced its steepest decline, plunging nearly 40 points as it dropped from 24,203.50 to 24,162.50.
| Metric | Level |
|---|---|
| Open | 24,132.0 |
| High | 24,144.0 |
| Low | 24,107.0 |
| LTP | 24,143.5 |
| Change | +29.0 (+0.12%) |
Asian markets painted a mixed picture heading into the session. The Hang Seng Index closed Monday's session at 25,143.05, up 580.81 points or 2.36%, providing a bullish regional cue. Japan's Nikkei 225, however, showed more recent volatility with a previous close of 64,141.12, down 2,694.38 points or 4.03% from its prior session at 66,835.50. Tuesday's Nikkei session opened at 64,203.47 and climbed to an intraday high of 64,727.19.
The Indian Nifty 50 Index opened domestic trading at 24,238.50, down 0.39% from its previous close, suggesting some caution among local traders despite GIFT NIFTY's marginal positive bias. The overnight price action in GIFT NIFTY showed sellers stepping in above the 24,200 mark, with the contract unable to sustain early gains and drifting lower through the Asian night session.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 64,544.05 | — |
| Hang Seng | 25,143.05 | +2.36% |
| Nifty 50 | 24,238.50 | -0.39% |
By 09:15 IST, GIFT NIFTY had recovered from its overnight lows, trading at 24,143.50 and up 29 points or 0.12% from Monday's close. The contract held above the psychological 24,100 level through the Indian market open, establishing a floor after the overnight selloff that had erased nearly 90 points from the session's peak. The narrow early morning range suggests traders are awaiting fresh domestic cues before committing to a directional bias.