GIFT NIFTY opened Monday's session at 22,750, down 110 points or 0.24% from the previous close of 22,860, as traders returned to a risk-off environment across Asian markets. The index has clawed back some opening losses in the first 15 minutes of trade, last changing hands at 22,806.
Early session price action showed volatility as the index briefly dipped to an intraday low of 22,729.5 before recovering. By 09:15 IST, GIFT NIFTY had carved out a trading range between 22,729.5 and 22,824, with the current level indicating a modest recovery from the opening gap down.
Asian Markets Under Pressure
Regional indices opened the week in negative territory as geopolitical concerns weighed on sentiment. The Nikkei 225 tumbled 3.69%, trading at 51,404.08, a sharp decline of 1,968.45 points from its previous close of 53,372.53. Japan's benchmark index opened at 51,125, reflecting heightened risk aversion among investors.
Hong Kong's Hang Seng Index closed Friday at 25,277.32, down 223.26 points or 0.88% from the prior session. Market participants are monitoring developments around Trump-Iran tensions, which have kept investors on edge heading into the new trading week.
| Index | Level | Change | % Change |
|---|---|---|---|
| Nikkei 225 | 51,404.08 | -1,968.45 | -3.69% |
| Hang Seng | 25,277.32 | -223.26 | -0.88% |
| Hang Seng China Ent | 8,574.07 | -121.81 | — |
GIFT NIFTY Session Snapshot
The early session candle data reveals a cautious recovery attempt. After touching the low of 22,729.5 in the first five minutes, the index rallied through the 09:05 period, touching an intraday high of 22,821.5. The subsequent 09:10 candle showed consolidation, with the index settling near 22,806 as the Indian cash market opened.
| Metric | Level |
|---|---|
| Open | 22,750.0 |
| High | 22,824.0 |
| Low | 22,729.5 |
| LTP | 22,806.0 |
| Change | -54.0 (-0.24%) |
The Nifty 50 index reference available in search data showed levels around 23,114.50, though this appears to be earlier data. The BSE Sensex Index stood at 74,532.96, up 325.72 points in the last reported session.
Early Session Range
GIFT NIFTY has traded in a 94.5-point range so far, from the low of 22,729.5 to the high of 22,824. The current price of 22,806 sits near the upper end of this range, suggesting buyers have stepped in after the initial selloff. The index remains 54 points below Friday's close, a relatively modest decline compared to the sharp losses seen in Japan.
With Asian markets showing broad-based weakness and geopolitical headlines dominating the news flow, GIFT NIFTY's performance suggests traders are exercising caution while monitoring developments across the region. The index's ability to hold above 22,800 in early trade will be tested as the domestic cash session progresses.