GIFT NIFTY opened marginally higher at 23,460 on Thursday morning, up 43 points or 0.18% from the previous close of 23,417. The index gapped up at the open but gave up some early gains before stabilizing above the 23,450 mark as the Indian cash market commenced trading.
The early session saw choppy price action. After opening at 23,460, the index briefly dipped to an intraday low of 23,435 within the first 15 minutes before finding support. By 00:30 IST, GIFT NIFTY had recovered to 23,462, matching the opening level. The index then climbed to a session high of 23,482 around 00:50 IST, extending gains to 65 points above the previous close.
As of 09:15 IST, GIFT NIFTY was trading at 23,456.50, holding modest gains of 39.50 points or 0.17% for the session. The index has traded in a tight 31-point range between 23,444.50 and 23,475.50 during the first hour of trade.
Asian Markets Trade Lower
Regional markets provided mixed cues through the morning. Japan's Nikkei 225 declined 0.19%, trading at 65,142.78, down 126.55 points from the previous close of 65,269.33. The index opened at 65,087.22 and has moved within a range of 65,017.68 to 65,794.03.
Hong Kong's Hang Seng Index slipped 0.17% to 25,274.96, losing 42.22 points. The broader Hang Seng China Enterprises Index fared slightly better, rising 0.34% to 8,369.05, up 28.27 points. China's SSE Composite Index bucked the regional trend, gaining 0.28% to 3,951.51.
Singapore's FTSE Straits Times Index dropped 37.82 points to 5,729.63, adding to the cautious sentiment across the region.
Indian Cash Market Opens Lower
The Indian benchmark Nifty 50 Index opened weaker at 23,431.50, down 0.86% from the previous close. The BSE Sensex declined 813.35 points to 74,764.23, reflecting broader weakness in domestic equities despite the modest positive gap in GIFT NIFTY.
| Metric | Value |
|---|---|
| Open | 23,460.0 |
| High | 23,475.5 |
| Low | 23,444.5 |
| LTP | 23,456.5 |
| Change | +39.5 (+0.17%) |
Regional Index Snapshot
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 65,142.78 | -126.55 (-0.19%) |
| Hang Seng | 25,274.96 | -42.22 (-0.17%) |
| HSCE Index | 8,369.05 | +28.27 (+0.34%) |
| SSE Composite | 3,951.51 | +0.28% |
| STI | 5,729.63 | -37.82 |
| Nifty 50 | 23,431.50 | -0.86% |
| Sensex | 74,764.23 | -813.35 |
GIFT NIFTY is currently trading near the middle of its early session range, holding above the 23,450 level despite the broader weakness in domestic equities and mixed signals from Asian peers.