GIFT NIFTY opened at 23,474 on Monday morning, down 104 points or 0.44% from its previous close of 23,572, tracking weakness across Asian markets where major indices slipped into negative territory.
The index tested an early high of 23,505 in the opening minutes before sliding to a session low of 23,460.5 by 09:10 IST. At 09:15 IST, as the Indian cash market opened, GIFT NIFTY was trading at 23,468, near the lower end of its opening range.
Early session price action showed persistent selling pressure. The index opened the 09:00 IST five-minute candle at 23,486, briefly touching 23,504.5 before losing ground. By the 09:10 candle, the benchmark had dropped to 23,460.5, erasing the morning's modest gains.
GIFT NIFTY Session Snapshot
| Metric | Level |
|---|---|
| Open | 23,474.0 |
| High | 23,505.0 |
| Low | 23,460.5 |
| Last Traded Price | 23,468.0 |
| Previous Close | 23,572.0 |
| Change | -104.0 (-0.44%) |
Asian Markets Weigh on Sentiment
Regional cues offered little support for the opening session. Japan's Nikkei 225 closed at 64,011.34 on Friday, down 1,259.61 points or 1.93% from its previous close of 65,270.90. Hong Kong's Hang Seng Index settled at 24,805.63, losing 148.84 points or 0.60%.
China's Shanghai SE Composite fell 1.18% to close at 3,888.11, while Singapore's FTSE Straits Times Index bucked the trend with a modest gain of 6.18 points to finish at 5,695.93.
| Index | Level | Change | % Change |
|---|---|---|---|
| Nikkei 225 | 64,011.34 | -1,259.61 | -1.93% |
| Hang Seng | 24,805.63 | -148.84 | -0.60% |
| Shanghai SE | 3,888.11 | -46.29 | -1.18% |
| STI | 5,695.93 | +6.18 | — |
The BSE Sensex opened at 74,781.76, down 120.83 points from its previous close, mirroring GIFT NIFTY's subdued start to the week.
GIFT NIFTY is currently trading 112 points below its Friday close, with the early session range spanning just 44.5 points between the 23,505 high and 23,460.5 low. The index has yet to reclaim the 23,500 mark since gapping down at the open.