GIFT NIFTY opened at 23,333 on Friday morning, down 16 points or 0.07% from its previous close of 23,360, as traders navigated mixed signals from Asian markets ahead of the Indian cash market open.
The offshore index spent the early session in a narrow range, trading between a high of 23,352.50 and a low of 23,321. By 09:15 IST, GIFT NIFTY was quoting at 23,344, roughly 11 points above its opening level, suggesting mild consolidation after the marginal gap-down.
Early 5-minute candles showed subdued volatility, with the index holding near the 23,350 mark through the first half-hour before dipping toward 23,345 around 00:30. A brief test of support came just before the 01:00 hour, when prices touched 23,338.50, before stabilizing in the 23,340-23,345 zone as the Indian cash market prepared to open.
Asian Markets Trade Mixed
Regional markets offered no clear directional bias. Japan's Nikkei 225 closed at 64,136.25, up 213.25 points or 0.33%, extending modest gains from its previous close of 63,923. The Hong Kong benchmark Hang Seng Index fell 0.44% to 24,604.29, while China's SSE Composite Index slipped 0.41% to 3,875.60.
India's Nifty 50 opened at 23,270.60, up 0.23% in early cash market trade, according to available data. The BSE Sensex Index was nearly flat at 74,314.59, down just 0.03%.
GIFT NIFTY Session Snapshot
| Metric | Value |
|---|---|
| Open | 23,333.0 |
| High | 23,352.5 |
| Low | 23,321.0 |
| LTP | 23,344.0 |
| Change | -16.0 (-0.07%) |
Regional Indices at Market Open
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 64,136.25 | +0.33% |
| Hang Seng | 24,604.29 | -0.44% |
| SSE Composite | 3,875.60 | -0.41% |
| Nifty 50 | 23,270.60 | +0.23% |
| Sensex | 74,314.59 | -0.03% |
The tight trading range in GIFT NIFTY reflects a cautious start, with the 31.50-point intraday range underscoring limited conviction among traders in the first 75 minutes of trade. The index is currently trading near the midpoint of its early session range, roughly 23 points below its previous close.