GIFT NIFTY opened at 24,370 on Thursday morning, up 23.5 points or 0.1% from its previous close of 24,346.5, as regional indices in Tokyo and Hong Kong posted modest advances. The opening gap extended gains built through the overnight session, when the index climbed steadily from overnight lows near 24,293.5.
Early trading showed limited volatility, with GIFT NIFTY drifting to a session high of 24,378.5 in the first 15 minutes before easing slightly. By the time Indian cash markets opened at 09:15 IST, the index was trading at 24,354.5, effectively flat from the opening level and holding within a narrow 32.5-point range between 24,346 and 24,378.5.
The overnight session saw gradual buying from around 00:00 SGT, with the index climbing from 24,297.5 to 24,338.5 by 01:00 SGT. Five-minute candle data showed brief dips to 24,295 during the 00:45 and 00:55 periods, but buyers returned each time to push the index above 24,320 by the European close.
| Metric | Level |
|---|---|
| Open | 24,370.0 |
| High | 24,378.5 |
| Low | 24,346.0 |
| LTP | 24,354.5 |
| Change | +8.0 (+0.03%) |
Regional sentiment provided mild support. Japan's Nikkei 225 closed up 256.85 points or 0.44% at 58,134.24, while Hong Kong's Hang Seng Index added 75 points or 0.29% to finish at 25,947.32. Both indices posted gains despite thin trading volumes typical of mid-week sessions in Asia.
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 58,134.24 | +256.85 (+0.44%) |
| Hang Seng | 25,947.32 | +75.00 (+0.29%) |
The muted opening gap suggests limited conviction ahead of the Indian cash market session. GIFT NIFTY's tight intraday range indicates traders are awaiting domestic cues, with the index holding just above the previous close but showing little appetite to test resistance near 24,400.
As of 09:15 IST, GIFT NIFTY is trading at 24,354.5, up 8 points from the previous close. The session range remains compressed at 32.5 points, with the index anchored near the day's opening level as Indian equities begin trading.