GIFT NIFTY opened at 24,152.0 on Tuesday, posting a negligible gain of 15 points or 0.06% from the previous close of 24,151.5. The muted opening came despite broad-based weakness across Asian markets, with Japan's Nikkei 225 and Hong Kong's Hang Seng both trading sharply lower.
Early session price action showed a slight drift higher after the open. The index briefly tested 24,180.0 in the opening minutes before settling into a narrow range between 24,160.5 and 24,191.0 over the first hour of trade. By 09:15 IST, GIFT NIFTY was trading at 24,166.5, holding just above the opening level.
| Metric | Level |
|---|---|
| Open | 24,152.0 |
| High | 24,168.0 |
| Low | 24,151.5 |
| LTP | 24,166.5 |
| Change | +15.0 (+0.06%) |
The flat opening in GIFT NIFTY contrasted sharply with weakness across Asian bourses. Japan's Nikkei 225 fell 488.27 points or 0.74% to close at 65,528.09, marking its second consecutive session of declines. The Hang Seng Index in Hong Kong dropped 492.13 points or 1.89% to 25,517.33, while China's SSE Composite Index slipped 0.59% to 3,882.01.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 65,528.09 | -488.27 (-0.74%) |
| Hang Seng | 25,517.33 | -492.13 (-1.89%) |
| SSE Composite | 3,882.01 | -0.59% |
The Nikkei's decline reflected risk-off sentiment that weighed on Japanese equities, with the index falling to a two-week low. Hang Seng's sharper drop extended losses across Hong Kong-listed stocks, while Chinese mainland markets also traded in the red.
India's cash market benchmark Nifty 50 opened at 24,219.05, down 0.14% from the previous close, tracking the subdued regional sentiment. The modest decline in Indian equities mirrored the cautious start seen in GIFT NIFTY, which serves as an early indicator for domestic market direction.
GIFT NIFTY's resilience in the face of Asian market weakness suggested limited spillover from the regional selloff. The index held within a tight 16.5-point range during the early session, with the low of 24,151.5 matching the previous close precisely. The high of 24,168.0 represented a gain of just 16 points from the open, reflecting subdued volatility in early trade.
As of 09:15 IST, GIFT NIFTY was trading at 24,166.5, up 15 points from the previous close. The early session range of 24,151.5 to 24,168.0 highlighted the narrow trading band as the index digested mixed global cues at the start of the week.