GIFT NIFTY opened at 24,044.0 on Monday, a marginal 4.5-point slip from its previous close of 24,048.5, before pushing higher in the first 75 minutes of trade to 24,125.50, up 77 points or 0.32%.
The early session saw gradual accumulation. The index drifted between 24,049.50 and 24,093.50 in the first five-minute candle, then accelerated into the 09:05 slot, touching an intraday high of 24,132.0. By the time Indian cash markets opened at 09:15 IST, GIFT NIFTY was holding near session highs at 24,125.50.
| Metric | Level |
|---|---|
| Open | 24,044.0 |
| High | 24,132.0 |
| Low | 24,044.0 |
| LTP (09:15 IST) | 24,125.5 |
| Change | +77.0 (+0.32%) |
The modest uptick in GIFT NIFTY came against a backdrop of divergent signals from Asian bourses. Japan's Nikkei 225 closed at 71,250.06, up 196.56 points or 0.28%, extending gains near record territory. The index had touched an intraday high of 71,952.99 during the session before settling lower.
Hong Kong painted a contrasting picture. The Hang Seng Index dropped 387.35 points or 1.59% to close at 23,924.81, dragged by weakness in Chinese enterprise stocks where the Hang Seng China Enterprises Index fell 2.06%.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 71,250.06 | +196.56 (+0.28%) |
| Hang Seng | 23,924.81 | -387.35 (-1.59%) |
| Nifty 50 | 24,013.10 | -0.64% |
Indian cash market benchmarks opened under pressure. The Nifty 50 was trading at 24,013.10, down 0.64%, as regional cues remained mixed and investor caution persisted heading into the week.
GIFT NIFTY's ability to hold gains despite the Hang Seng selloff and Nifty 50 weakness suggests offshore positioning remains constructive. The index has carved out a tight 88-point range so far, with buying interest emerging on dips toward the 24,050 zone and follow-through lifting prices above 24,100.
The early session trade establishes 24,044 as the immediate floor and 24,132 as the resistance to watch as the Indian trading day unfolds.