GIFT NIFTY opened 1.25% higher at 23,795 on Monday morning, gapping up 296.5 points from the previous close of 23,628.5 as Asian markets rallied sharply across the board.
The early session saw steady buying pressure, with the index climbing to a high of 23,955.5 within the first hour of trade. As of 09:15 IST, GIFT NIFTY was trading at 23,925, holding near session highs with the intraday low marked at 23,794.5 just above the opening level.
| Metric | Level |
|---|---|
| Open | 23,795.0 |
| High | 23,955.5 |
| Low | 23,794.5 |
| LTP | 23,925.0 |
| Change | +296.5 (+1.25%) |
Five-minute candle data showed consistent upward momentum through the early session. The index advanced from 23,899.5 at 09:00 IST to touch 23,941.5 by 09:10 IST, with minimal pullbacks suggesting firm institutional interest at the open.
The positive opening in Singapore mirrored sharp gains across Asian indices. Japan's Nikkei 225 surged 2.81%, adding 1,802.77 points to trade at 66,020.04 after opening at 65,176.23. The session saw the index reach an intraday high of 67,065.94, marking strong momentum in the Tokyo market.
Hong Kong's Hang Seng Index climbed 1.93%, gaining 468.81 points to reach 24,718.10 after opening at 24,501.50. The Hang Seng China Enterprises Index advanced in tandem, adding 157.35 points to trade at 8,374.43.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 66,020.04 | +1,802.77 (+2.81%) |
| Hang Seng | 24,718.10 | +468.81 (+1.93%) |
| Nifty 50 | 23,622.90 | +1.99% |
The Nifty 50 index in Mumbai opened with similar strength, advancing 1.99% to 23,622.90 in early trade. Shanghai's SSE Composite Index also participated in the regional rally, gaining 1.12% to reach 4,031.51.
The broad-based advance across Asian markets provided GIFT NIFTY with a supportive backdrop for its gap-up opening. The 160-point range between 23,794.5 and 23,955.5 in the first 75 minutes of trade reflected steady accumulation rather than volatile swings, suggesting conviction behind the morning's buying activity.
GIFT NIFTY is currently trading 130 points above its opening level and 30 points below the session high, maintaining a firm tone as Indian cash market participants digest the overnight strength in global equities.