GIFT NIFTY opened at 23,217.5 on Thursday morning, up 77.5 points or 0.3% from the previous close of 23,140.0, tracking positive cues from Asian markets. The index is currently trading at 23,223.0, up 83.0 points or 0.36%, as of the Indian cash market open at 09:15 IST.
The early session showed a volatile start in offshore trading. GIFT NIFTY opened overnight at 23,298.0 but drifted lower through the first hour, touching a low of 23,261.5 around 01:00 Singapore time before stabilizing. The index has since recovered to establish a session range between 23,203.5 and 23,242.5 heading into the Indian market open.
| Metric | Value |
|---|---|
| Open | 23,217.5 |
| High | 23,242.5 |
| Low | 23,203.5 |
| LTP | 23,223.0 |
| Change | +83.0 (+0.36%) |
Asian Markets Trade Mixed to Higher
Regional indices are trading on a positive note. Japan's Nikkei 225 advanced 438.90 points or 0.69% to 63,923.00, recovering from a previous close of 63,484.10. The index opened at 63,672.13 and climbed to an intraday high of 63,923.00 during the session.
Hong Kong's Hang Seng Index edged up 46.54 points or 0.19% to 24,713.78, though some data sources showed conflicting moves with a reported decline of 203.82 points or 0.82% in earlier trading. China's SSE Composite Index gained 0.71% to 3,891.60.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 63,923.00 | +438.90 (+0.69%) |
| Hang Seng | 24,713.78 | +46.54 (+0.19%) |
| SSE Composite | 3,891.60 | +0.71% |
| Nifty 50 | 23,217.60 | +0.43% |
Indian Cash Market Opens Firm
India's Nifty 50 Index opened at 23,217.60, up 0.43%, tracking the firm undertone in GIFT NIFTY. The modest gap-up follows Wednesday's close of 23,140.0 on the offshore contract, suggesting domestic indices are aligning with the positive sentiment across Asian bourses.
GIFT NIFTY is holding above the 23,200 mark in early trade, with the index maintaining its opening gains despite the overnight volatility. The current level of 23,223.0 represents a gain of 83.0 points from the previous settlement, keeping the index within a tight 39-point range since the Indian market opened.