GIFT NIFTY opened Friday's session at 23,987, down 57.5 points or 0.24% from the previous close of 23,977.5, as Asian markets traded mixed to lower in early hours.
The index touched an early high of 23,987 at the open before drifting to an intraday low of 23,898.5. As of 09:15 IST, GIFT NIFTY was trading at 23,920, holding just above the session's lower end.
Early Session Price Action
The overnight session showed steady erosion from midnight levels. GIFT NIFTY traded near 24,000 in the initial candles, hitting 24,010.5 around midnight before sliding through the 00:10 IST to 01:10 IST window. The index spent the pre-market hours grinding lower, failing to reclaim the 24,000 mark despite brief attempts near 00:55 IST.
By the time the Indian cash market opened at 09:15 IST, GIFT NIFTY had surrendered all overnight gains and was trading nearly 90 points below the midnight peak.
| Level | Value |
|---|---|
| Open | 23,987.0 |
| High | 23,987.0 |
| Low | 23,898.5 |
| LTP (09:15 IST) | 23,920.0 |
| Change | -57.5 (-0.24%) |
Asian Market Backdrop
Japan's Nikkei 225 closed Thursday at 55,895.32, down 413.10 points or 0.73%, extending losses from recent highs. The index had rallied 5% earlier in the week but gave back gains in the latest session. As of Friday morning, the Nikkei was trading at 56,725.22, up 829.90 points or 1.48%, recovering some lost ground.
Hong Kong's Hang Seng Index stood at 25,752.40, down 140.62 points or 0.54%, reflecting cautious sentiment across the region. The index opened Friday at 25,756.41, showing little change from the prior close.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 56,725.22 | +829.90 (+1.48%) |
| Hang Seng | 25,752.40 | -140.62 (-0.54%) |
| Nifty 50 | 23,784.50 | — |
Indian Cash Market Open
The Nifty 50 was indicated at 23,784.50 based on index data, while the BSE Sensex stood at 76,631.65, down 931.25 points from prior levels. GIFT NIFTY's modest 0.24% gap down translated to a cautious start for domestic equities after Thursday's close.
The 88.5-point intraday range on GIFT NIFTY — from 23,987 to 23,898.5 — reflects subdued volatility as traders assessed the mixed signals from overnight trading in Tokyo and Hong Kong. The index is currently holding above the 23,900 level, with the opening price of 23,987 serving as immediate resistance.