GIFT NIFTY Edges Higher as Asian Markets Advance
GIFT NIFTY opened at 24,282.50 on Friday, up 0.12% from the previous close of 24,294.00, tracking a broad rally across Asian markets led by Japan's Nikkei 225. The opening gap of 29.50 points reflected cautious optimism ahead of the Indian cash market open at 09:15 IST.
Early session price action showed steady consolidation around the opening level. After touching an intraday low of 24,277.00 in the first 30 minutes of trade, the index climbed to a session high of 24,333.00 by 09:15 IST. The 5-minute candle data revealed a gradual build-up through the first hour, with the index testing 24,313.00 before pulling back to 24,302.00 as the Indian market opened.
| Metric | Level |
|---|---|
| Open | 24,282.50 |
| High | 24,333.00 |
| Low | 24,277.00 |
| LTP | 24,323.50 |
| Change | +29.50 (+0.12%) |
Nikkei Surges 1.4% to Drive Asian Sentiment
Japan's Nikkei 225 jumped 890.37 points or 1.36% to close at 66,216.79, providing the strongest regional cue. The index opened at 65,732.79 and maintained upward momentum through the session. Hong Kong's Hang Seng Index added 203.42 points or 0.80% to reach 25,698.49, while the Hang Seng China Enterprises Index gained 76.63 points to 8,547.84.
Singapore's FTSE Straits Times Index bucked the regional trend, slipping 22.33 points to 5,671.91. The BSE Sensex in India climbed 628.04 points to 77,537.72, according to available data, suggesting domestic equities opened in positive territory alongside GIFT NIFTY's modest gains.
| Index | Level | Change | % Change |
|---|---|---|---|
| Nikkei 225 | 66,216.79 | +890.37 | +1.36% |
| Hang Seng | 25,698.49 | +203.42 | +0.80% |
| Hang Seng China | 8,547.84 | +76.63 | — |
| Straits Times | 5,671.91 | -22.33 | — |
| BSE Sensex | 77,537.72 | +628.04 | — |
Narrow Trading Range Marks Early Session
GIFT NIFTY traded in a narrow 56-point range during the first 75 minutes, reflecting wait-and-see positioning ahead of the cash market open. The index held above the 24,300 mark for most of the session, dipping briefly to 24,296.50 around 00:30 IST before recovering. By 09:15 IST, the index stood at 24,323.50, representing a 41-point gain from the opening print and placing it near the upper end of the early session range.
The modest opening gap suggests traders are taking cues from the broader Asian rally while remaining cautious about sustaining momentum. GIFT NIFTY's performance through the morning session will likely hinge on how domestic indices respond to the overnight strength in Japan and Hong Kong, as well as any corporate or macroeconomic developments that emerge during Indian trading hours.