GIFT NIFTY Opens Above 24,600 Mark
GIFT NIFTY opened at 24,626 on Friday morning, up 56 points or 0.23% from the previous close of 24,570. The index extended gains through the early session, climbing to an intraday high of 24,667 before finding support above 24,548.
The futures contract was last trading at 24,659, marking a gain of 89 points or 0.36% from Thursday's settlement. The session opened with buying interest that persisted through the first hour of trade, building on the opening gap.
| Metric | Value |
|---|---|
| Open | 24,626.0 |
| High | 24,667.0 |
| Low | 24,548.5 |
| LTP | 24,659.0 |
| Change | +89.0 (+0.36%) |
Early Session Price Action
GIFT NIFTY saw volatile overnight trading before the Indian market open, with 5-minute candle data showing the index dipped to 24,309 in pre-market hours before recovering sharply. The contract climbed steadily from the overnight lows, adding nearly 350 points through the early Asian session.
The index crossed 24,400 around 00:30 SGT and held above that level through the rest of the overnight session. By 01:10 SGT, GIFT NIFTY was trading near 24,466, consolidating its gains ahead of the Indian cash market open at 09:15 IST.
Asian Markets Trade Mixed
Regional equity markets showed divergent moves on Friday morning. Japan's Nikkei 225 declined 0.54% to 54,979 as of mid-morning trade in Osaka, pulling back from recent highs. The index opened at 54,653 and extended losses through the session.
Hong Kong's Hang Seng Index gained 0.28% to close at 25,321, adding 71 points in Friday trade. Earlier reports showed the index trading higher by 0.51% intraday at 25,450 before paring some gains.
India's Nifty 50 Index was quoted at 24,765 during early trade, though details on the cash market opening levels were not immediately available in market data feeds. The benchmark had settled at lower levels on Thursday.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 54,979.16 | -0.54% |
| Hang Seng | 25,321.34 | +0.28% |
| Nifty 50 | 24,765.90 | — |
Market Snapshot
GIFT NIFTY's opening strength reflected a recovery from overnight weakness, with the index clawing back losses sustained in pre-market trading. The 119-point session range between 24,548 and 24,667 suggested measured buying interest rather than aggressive momentum.
The futures contract is trading 94 points above its overnight low and 8 points below the session high as of 10:53 SGT. The modest positive gap at the open has been sustained through the first hours of trade, with the index holding comfortably in the upper half of its intraday range.