GIFT NIFTY Session Snapshot
| Metric | Level |
|---|---|
| Open | 24,158.5 |
| High | 24,235.0 |
| Low | 24,153.0 |
| Last Traded Price | 24,227.0 |
| Change | +102.5 (+0.42%) |
| Previous Close | 24,124.5 |
GIFT NIFTY opened 102.5 points higher at 24,158.5 on Friday morning, bucking a weak trend across Asian markets where major indices traded in negative territory. The 0.4% gap-up came despite overnight losses in Nikkei and Hang Seng, signaling domestic strength ahead of the Indian cash market open.
The index extended gains through the first 75 minutes of trade, climbing to a session high of 24,235.0 as buying pressure built from the opening level. Early price action showed steady accumulation with the contract holding above 24,150 through the first half-hour before pushing past 24,270 in the second quarter-hour.
The picture shifted sharply after 01:00 SGT as GIFT NIFTY shed nearly 100 points in 15 minutes, dropping from 24,259.5 to a session low of 24,153.0 by 01:10 SGT. The pullback erased most of the morning's gains, though the contract recovered to 24,227.0 by the time Indian cash markets opened at 09:15 IST, still holding a modest gain of 0.42% from Thursday's close.
Asian Markets Close Lower
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 59,140.23 | -445.63 (-0.75%) |
| Hang Seng | 25,915.20 | -248.04 (-0.95%) |
Japanese equities closed lower Thursday with the Nikkei 225 shedding 445.63 points to settle at 59,140.23, a decline of 0.75%. The benchmark index traded in a range of 58,621.48 to 60,013.98 during the session, pulling back from recent highs.
Hong Kong's Hang Seng Index dropped 248.04 points to close at 25,915.20, down 0.95% on the day. The index opened Friday at 26,098.81, attempting to recover from Thursday's losses as regional markets digested overnight cues.
GIFT NIFTY's resilience in the face of regional weakness suggests domestic factors are outweighing external headwinds as traders position ahead of the weekend. The contract is trading 68.5 points above its session low and 8 points below the morning high, with the Indian cash market now open and absorbing the overnight price discovery.