GIFT NIFTY opened at 24,499 on Monday morning, marking a gain of 112 points or 0.46% from Friday's close of 24,387. The index has since extended those gains, climbing to 24,565 by the time Indian cash markets opened at 09:15 IST.
The early session saw steady upward momentum. After opening at 24,499, the index moved through 24,506 in the first five minutes of Indian market hours, then pushed to 24,533 by 09:05 IST. By 09:10 IST, GIFT NIFTY had touched an intraday high of 24,567.50, with the index holding near those elevated levels as cash trading commenced.
Session Snapshot
| Metric | Level |
|---|---|
| Open | 24,499.0 |
| High | 24,567.5 |
| Low | 24,452.5 |
| Last Traded Price | 24,565.0 |
| Previous Close | 24,387.0 |
| Change | +178.0 (+0.73%) |
Asian Market Backdrop
The positive opening came as Asian equities posted broad gains, led by a sharp rally in Japanese stocks. The Nikkei 225 surged 2,494.62 points or 4.03% to close at 64,362.02 on July 31, providing a strong tailwind for regional sentiment heading into Monday's session.
Hong Kong's Hang Seng Index traded at 25,884.43, up 25.55 points or 0.10%. The more modest gain in Hong Kong contrasted with Japan's outsized move, suggesting investors were selective in their risk appetite across the region.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 64,362.02 | +2,494.62 (+4.03%) |
| Hang Seng | 25,884.43 | +25.55 (+0.10%) |
Price Action
GIFT NIFTY's intraday range stretched 115 points from the morning low of 24,452.50 to the high of 24,567.50. The index spent the early Indian trading hour in the upper half of that range, holding comfortably above the 24,500 threshold.
The session's price action reflected a measured advance rather than a gap-and-fade pattern. Each successive five-minute period from 09:00 to 09:10 IST showed higher closing levels, with the index adding roughly 30 points in each interval as buying interest remained consistent.
As of 09:15 IST, GIFT NIFTY was trading at 24,565, up 178 points or 0.73% from Friday's close, just 2.5 points below the session high. The index has maintained its upward trajectory through the opening minutes of Indian cash market trading.