GIFT NIFTY opened Monday's session 46 points lower at 24,051.5, marking a 0.19% decline from the previous close of 24,121.5. The offshore index tracked mixed cues from regional markets, with early price action showing volatility before stabilizing near opening levels.
The first hour of trade saw sharp intraday swings. The opening five-minute candle dropped from 24,134.0 to a session low of 24,005.0 before recovering to 24,061.5. By 09:15 IST, the index had clawed back to 24,075.5, erasing some of the initial weakness but still holding below the previous close.
| Metric | Level |
|---|---|
| Open | 24,051.5 |
| High | 24,075.5 |
| Low | 24,005.0 |
| LTP (09:15 IST) | 24,075.5 |
| Change | -46.0 (-0.19%) |
Asian Markets Show Modest Gains
Regional indices provided a mixed backdrop for the morning session. The Nikkei 225 advanced 0.97% to close at 59,716.18, posting gains of 575.98 points in Friday's session. The index traded in a range of 59,225.37 to 59,763.68 during the day.
Hong Kong's Hang Seng Index added 0.24%, finishing at 25,978.07 with a gain of 62.87 points. The index opened Monday at 25,733.61, showing early weakness before the close. The Hang Seng TECH Index outperformed with a 0.75% rise to 4,902.20.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 59,716.18 | +575.98 (+0.97%) |
| Hang Seng | 25,978.07 | +62.87 (+0.24%) |
| Hang Seng TECH | 4,902.20 | +0.75% |
Early Session Range Tightens
After the initial drop to 24,005.0, GIFT NIFTY spent the next 15 minutes consolidating in a narrow band. The 09:05 candle traded between 24,041.5 and 24,062.5, settling at 24,045.0. The most recent candle showed buying interest, with the index pushing back to the session high of 24,075.5.
The 70.5-point recovery from the early low suggests traders are testing support levels ahead of the domestic cash market open. Volume data indicates measured participation rather than aggressive directional bets in the opening minutes.
As of 09:15 IST, GIFT NIFTY is trading at 24,075.5, still 46 points below Friday's close but well off the session low. The early range of 24,005.0 to 24,075.5 sets a 70.5-point trading band as domestic markets begin the week.