GIFT NIFTY Opens Higher Tracking Asian Strength
GIFT NIFTY opened at 24,054 on Tuesday morning, up 54 points or 0.2% from the previous close of 24,000, and has extended gains through the first 75 minutes of trading. The contract is currently trading at 24,098.50, up 98.5 points or 0.41%, having touched a session high of 24,099 shortly after the Indian cash market open at 09:15 IST.
The offshore Nifty derivative held a steady upward bias through the early Asian session, climbing from overnight levels near 23,900 to breach the 24,000 mark by 01:00 SGT. The contract added another 50-60 points in the hour leading up to the Indian market open, with the five-minute chart showing consistent buying interest and minimal pullbacks.
| Metric | Level |
|---|---|
| Open | 24,054.0 |
| High | 24,099.0 |
| Low | 24,026.0 |
| LTP | 24,098.5 |
| Change | +98.5 (+0.41%) |
Asian Markets Rally Led by Nikkei
The positive open in GIFT NIFTY came on the back of a sharp rally in Tokyo, where the Nikkei 225 surged 1,330.79 points or 2.36% to 57,833.56 as of 09:51 AM Tokyo time. The Japanese benchmark had closed the previous session at 56,924.11 and opened Tuesday at 56,330, building momentum through the morning.
Hong Kong markets moved in the opposite direction, with the Hang Seng Index down 232.69 points or 0.90% to 25,660.85. The index traded in a range between 25,508.53 and 25,717.38, having closed Monday at 25,893.54.
| Index | Level | Change | % Change |
|---|---|---|---|
| Nikkei 225 | 57,833.56 | +1,330.79 | +2.36% |
| Hang Seng | 25,660.85 | -232.69 | -0.90% |
| BSE Sensex | 77,000.00 | -550.25 | — |
Early Session Price Action
GIFT NIFTY opened the overnight session at 23,900 and climbed steadily through the first hour, crossing 23,950 by 00:25 SGT and 23,980 by 00:35 SGT. The contract consolidated briefly between 23,970 and 23,990 before pushing through 24,000 at the one-hour mark.
The derivative maintained its gains through the pre-market period, holding above 23,980 and showing no signs of profit-taking ahead of the Indian cash market open. The session range of 73 points reflects controlled volatility, with the contract spending most of the morning in the upper half of its trading band.
GIFT NIFTY is currently trading near its session high of 24,099, suggesting sustained buying interest as traders position for the Indian market open. The 98.5-point premium to the previous close puts the offshore derivative on track for its strongest opening gap in recent sessions, supported by the strength in Tokyo and overnight optimism around potential easing of geopolitical tensions.