GIFT NIFTY opened at 24,111 on Friday morning, down 31.5 points or 0.13% from the previous close of 24,170.5, as Asian equity markets extended their decline. The index traded in a narrow 38.5-point range between 24,111 and 24,149.5 in the first hour of the session, last changing hands at 24,139.
| Metric | Level |
|---|---|
| Open | 24,111.0 |
| High | 24,149.5 |
| Low | 24,111.0 |
| LTP | 24,139.0 |
| Change | -31.5 (-0.13%) |
The early session showed choppy price action after GIFT NIFTY gapped down at the open. The index dipped to an early low of 24,132.5 within the first 25 minutes before attempting a recovery. By mid-session, the contract climbed to 24,173 before giving up gains and settling back near the 24,150-24,160 zone.
Asian Markets Extend Losses
Regional markets weighed on sentiment as Japan's Nikkei 225 tumbled 1,915.96 points or 2.79% to close at 66,835.54. The index opened at 67,900.43 and traded between 66,499.49 and 68,069.82 during the session. Hong Kong's Hang Seng Index declined 1.33% to 25,008.60, while China's SSE Composite Index fell 1.85% to 3,882.41.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 66,835.54 | -1,915.96 (-2.79%) |
| Hang Seng | 25,008.60 | -327.50 (-1.33%) |
| SSE Composite | 3,882.41 | -1.85% |
| Nifty 50 | 24,072.75 | -0.02% |
The broad-based weakness across Asian equities came as technology stocks faced renewed selling pressure. South Korean markets had earlier tumbled over 5% as tech heavyweights led the decline, adding to regional risk-off sentiment.
Indian Cash Market Opens Flat
India's Nifty 50 Index opened marginally lower at 24,072.75, down just 0.02%, showing resilience compared to sharper losses elsewhere in Asia. The muted domestic opening aligned with GIFT NIFTY's subdued start, as traders assessed the spillover impact from overnight weakness in developed markets.
GIFT NIFTY is currently trading at 24,139, holding above the session low but still down 0.13% from Thursday's close. The index has maintained a tight trading band since the open, suggesting cautious positioning as market participants monitor regional cues and await domestic triggers through the Indian trading day.