GIFT NIFTY opened at 23,289.5 on March 19, gaining 81 points or 0.13% from the previous close of 23,208.5, as Asian markets posted broad-based gains. The opening price marked a modest gap-up, though the contract has since pulled back to 23,238.5 by 09:15 IST as Indian cash markets commenced trading.
The early session saw notable volatility, with the contract touching an intraday high of 23,289.5 at the open before slipping to a low of 23,165.5 in subsequent trading. The 124-point range reflects choppy price action in the first hour, with the contract trading 70.5 points or 0.30% below its opening level at the current price of 23,238.5.
| Metric | Level |
|---|---|
| Open | 23,289.5 |
| High | 23,289.5 |
| Low | 23,165.5 |
| LTP | 23,238.5 |
| Change | +30.0 (+0.13%) |
The modest opening gain followed a strong rally in Asian markets, led by Japan's Nikkei 225, which surged 1,539.01 points or 2.87% to close at 55,239.40. Hong Kong's Hang Seng Index advanced 156.88 points or 0.61% to finish at 26,025.42, while the Shanghai Composite Index added 13.08 points to settle at 4,062.98.
Five-minute candle data from the overnight session shows GIFT NIFTY trading in a higher range before the Indian market open, with levels between 23,430 and 23,488.5 during the 00:30 to 01:00 IST period. The contract experienced a brief spike to 23,488.5 around 00:55 IST before settling back and drifting lower into the cash market open.
| Index | Close | Change |
|---|---|---|
| Nikkei 225 | 55,239.40 | +1,539.01 (+2.87%) |
| Hang Seng | 26,025.42 | +156.88 (+0.61%) |
| Shanghai Composite | 4,062.98 | +13.08 |
| BSE Sensex | 76,704.13 | +633.29 |
India's BSE Sensex gained 633.29 points to reach 76,704.13, according to regional index data. The positive sentiment in Asian equities provided a supportive backdrop for GIFT NIFTY's opening gap, though follow-through buying has been limited in the first 75 minutes of trading.
GIFT NIFTY is currently trading at 23,238.5, holding above the session low of 23,165.5 but well off the opening level. The contract remains 30 points or 0.13% higher than yesterday's close of 23,208.5, with the early session range spanning 124 points from 23,165.5 to 23,289.5.