GIFT NIFTY opened at 23,206.0 on June 10, climbing 86 points or 0.37% from its previous close of 23,184.5, as regional markets extended gains into the mid-week session. The index opened with a modest gap-up and has since traded in a 92-point range between 23,181.0 and 23,273.0.
The early session saw choppy price action in the first hour. After opening at 23,206.0, the index briefly tested 23,215.5 within the first five minutes before slipping back toward 23,171.0 by the 15-minute mark. A sharp intraday dip around 35 minutes into the session sent GIFT NIFTY tumbling to 23,101.0, marking the session low.
The index recovered swiftly from that spike-low, climbing back above 23,130 within 20 minutes and extending the rebound to 23,165.5 by the one-hour mark. As of 09:15 IST, GIFT NIFTY is trading at 23,270.5, up 86 points from the previous close and near the session high.
| Metric | Level |
|---|---|
| Open | 23,206.0 |
| High | 23,273.0 |
| Low | 23,181.0 |
| LTP | 23,270.5 |
| Change | +86.0 (+0.37%) |
The opening strength in GIFT NIFTY aligns with positive momentum across Asian markets. Japan's Nikkei 225 closed at 65,416.63, up 1,392.03 points or 2.17%, according to delayed quotes from the Osaka exchange. The Hang Seng Index was last reported at 24,708.42, gaining 1.02%, while the Hang Seng Tech Index advanced 1.99% to 4,790.93.
The Nifty 50 Index opened at 23,242.10, up 0.52%, according to available market data feeds, tracking the firmer GIFT NIFTY cues. The Indian cash market began trading at 09:15 IST with broad-based buying across sectors.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 65,416.63 | +2.17% |
| Hang Seng | 24,708.42 | +1.02% |
| Nifty 50 | 23,242.10 | +0.52% |
GIFT NIFTY's rebound from the brief intraday selloff suggests buyers stepped in quickly at lower levels. The index has now reclaimed most of its opening gains and is testing the upper end of the morning range. The early session volatility appears to have settled, with the index holding above 23,260 in recent ticks.
The broader Asian rally provided a supportive backdrop for Indian index futures. The Nikkei 225's 2.17% surge marked its strongest single-day gain in recent weeks, while Chinese mainland equities also participated, with the SSE Composite Index advancing 1.28% to 4,010.03.
GIFT NIFTY is currently trading at 23,270.5, holding near the session high of 23,273.0 and well above the early spike-low of 23,101.0. The index has posted a 0.37% gain in the first 75 minutes of the session, matching the broader positive tone across Asian equity markets.