GIFT NIFTY opened the Monday session at 23,172.0, slipping 64 points or 0.28% from Friday's close of 23,236.0, as traders weighed mixed cues from Asian markets. The index quickly drifted lower in early trade, currently sitting at 23,140.5, down 95.5 points or 0.41%.
The early session saw steady erosion from the opening level. The index touched an intraday high of 23,175.5 shortly after the open before declining to a session low of 23,140.5 by the Indian cash market open at 09:15 IST. Five-minute candle data shows the index lost ground in each successive interval, dropping from 23,168.0 at 09:05 IST to 23,144.0 by 09:10 IST.
| Metric | Level |
|---|---|
| Open | 23,172.0 |
| High | 23,175.5 |
| Low | 23,140.5 |
| LTP | 23,140.5 |
| Change | -95.5 (-0.41%) |
Asian markets presented a divergent picture. The Hang Seng Index traded at 24,510.09, down 251.04 points or 1.01%, while the Shanghai SE Composite fell 1.22% to 3,888.37. Japan's Nikkei 225 last traded at 66,364.20, up 850.21 points or 1.30%, though this appears to reflect Friday's closing level. Australia's S&P/ASX 200 declined 37 points to 8,665.00.
The Indian cash market opened with the Nifty 50 at 23,140.50, up 77.40 points from its previous close, suggesting domestic sentiment diverged slightly from the offshore contract in early trade. The modest uptick in the domestic benchmark contrasts with GIFT NIFTY's opening weakness, a gap that often narrows as the session progresses.
| Index | Level | Change |
|---|---|---|
| Hang Seng | 24,510.09 | -251.04 (-1.01%) |
| Nikkei 225 | 66,364.20 | +850.21 (+1.30%) |
| Shanghai SE | 3,888.37 | -1.22% |
| S&P/ASX 200 | 8,665.00 | -37.00 |
| Nifty 50 | 23,140.50 | +77.40 |
GIFT NIFTY has shed 35.5 points from its opening level of 23,172.0, trading in a tight 35-point range through the first hour and fifteen minutes of the session. The index is currently testing its session low, with the 23,140 level acting as immediate support. The opening weakness reflects caution ahead of the domestic trading day, with regional markets offering little directional conviction.