GIFT NIFTY opened marginally higher at 24,086 on Thursday, up 17 points or 0.07% from the previous close of 24,103, as Asian markets traded broadly positive on renewed risk appetite. The early session saw the index extend gains to 24,118 by 09:15 IST, touching an intraday high of 24,122.50.
The opening hour painted a picture of measured optimism. After an initial consolidation phase where GIFT NIFTY dipped to an early low of 24,046 within the first 40 minutes, the index found support and staged a recovery. By the 00:45 timestamp, buyers returned in force, lifting the contract from 24,062 to 24,100 in a single five-minute interval. The momentum carried through the next half hour, with GIFT NIFTY climbing steadily through 24,107 and finally settling near 24,117 as the Indian cash market opened.
Regional cues provided the tailwind. Japan's Nikkei 225 surged 1,008.01 points or 1.49% to close at 68,751.51, reinforcing its position near record highs after trading in a range between 67,833.17 and 68,798.24 during the session. Hong Kong's Hang Seng Index advanced 340.37 points or 1.40% to 24,681.10, extending its recent recovery. The positive sentiment across North Asian markets suggested easing concerns over recent technology sector volatility.
The Indian cash market mirrored the offshore derivative's steady tone. The Nifty 50 Index gained 0.11% to 24,078.50 at the opening bell, while the BSE Sensex rose 130.49 points or 0.17% to 77,185.43. The parallel moves between GIFT NIFTY and domestic indices indicated alignment between offshore and onshore pricing as traders positioned for the session ahead.
| Metric | Value |
|---|---|
| Open | 24,086.0 |
| High | 24,122.5 |
| Low | 24,086.0 |
| LTP (09:15 IST) | 24,118.0 |
| Change | +15.0 (+0.06%) |
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 68,751.51 | +1,008.01 (+1.49%) |
| Hang Seng | 24,681.10 | +340.37 (+1.40%) |
| Nifty 50 | 24,078.50 | +0.11% |
| Sensex | 77,185.43 | +130.49 (+0.17%) |
GIFT NIFTY is currently trading at 24,118, holding comfortably above its opening level and within striking distance of the session high. The early range of 24,046 to 24,122.50 reflects a span of 76.50 points, with the index spending most of the pre-cash-open session in recovery mode. The contract's ability to reclaim ground after an early dip suggests underlying buying interest, though the muted percentage gain of 0.06% indicates traders remain cautious about extending positions aggressively at current levels.