GIFT NIFTY opened Monday's session at 23,101.50, up 64.5 points or 0.28% from the previous close of 23,097.50, defying negative sentiment across Asia where the Nikkei 225 and Hang Seng both traded sharply lower.
The index held its opening level through the first hour of trade, climbing to an early high of 23,185.00 by 09:00 IST. Price action remained firm in the 09:00-09:15 window as the Indian cash market opened, with GIFT NIFTY last trading at 23,162.00, maintaining most of the opening gains.
| Metric | Level |
|---|---|
| Open | 23,101.50 |
| High | 23,185.00 |
| Low | 23,101.50 |
| Last Traded Price | 23,162.00 |
| Change | +64.5 (+0.28%) |
The positive open in GIFT NIFTY contrasted sharply with weakness across Asian markets. Japan's Nikkei 225 dropped 882.57 points to 66,588.12, down 1.31%, while Hong Kong's Hang Seng Index fell 291.45 points to 24,961.95, losing 1.15%.
Early 5-minute candle data showed steady buying pressure after the open. The 09:00 candle saw GIFT NIFTY spike from 23,123.00 to an intraday peak of 23,184.50 before settling at 23,169.50. The subsequent two candles displayed modest consolidation, with the index oscillating between 23,145.00 and 23,177.00.
Indian benchmark indices opened mixed as domestic trading commenced at 09:15 IST. The Nifty 50 Index traded at 23,366.70, down 0.21% from its previous close, while the BSE Sensex showed relative weakness in line with broader Asian cues.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 66,588.12 | -882.57 (-1.31%) |
| Hang Seng | 24,961.95 | -291.45 (-1.15%) |
| Nifty 50 | 23,366.70 | -0.21% |
GIFT NIFTY's resilience came despite the regional downdraft, suggesting traders positioned for potential divergence between Indian and broader Asian markets. The 84-point range between the session low of 23,101.50 and high of 23,185.00 indicated controlled volatility in early trade.
At 09:15 IST, GIFT NIFTY was trading 60.50 points above its session low, holding comfortably in positive territory as the Indian cash market began its session.