GIFT NIFTY opened at 24,006.50 on Wednesday, down 19 points from the previous close of 24,025.50, before recovering ground to trade at 24,063.00 as of 9:15 AM IST, posting a modest gain of 37.50 points or 0.16%.
The early session showed choppy price action in a tight 77.50-point range between 24,006.00 and 24,081.50. After the weak open, the index drifted lower in the first 30 minutes, touching an intraday low of 24,044.00 before stabilizing. The contract edged higher through the 8:00 AM IST hour, briefly reclaiming the 24,060 mark, then pulled back toward 24,050 levels ahead of the Indian cash market open.
Asian Markets Send Mixed Signals
Regional markets presented a divergent picture. Japan's Nikkei 225 closed at 69,404.50, up 87.00 points or 0.13% from its previous close of 69,317.50. The Tokyo benchmark swung in a wide intraday range from 69,095.67 to 70,020.68 before settling modestly higher.
Hong Kong's Hang Seng Index weakened sharply, closing at 24,493.95, down 348.72 points or 1.40%. The index opened at 24,826.19 before selling pressure intensified through the session. Trading volume was heavy at 3.15 billion shares.
India's Nifty 50 Index opened at 23,989.15, up 0.57% from the previous close, providing a positive cue for domestic equities as GIFT NIFTY held near session highs.
GIFT NIFTY Session Snapshot
| Metric | Value |
|---|---|
| Open | 24,006.50 |
| High | 24,081.50 |
| Low | 24,006.00 |
| LTP | 24,063.00 |
| Change | +37.50 (+0.16%) |
Regional Indices at Close
| Index | Level | Change |
|---|---|---|
| Nikkei 225 | 69,404.50 | +87.00 (+0.13%) |
| Hang Seng | 24,493.95 | -348.72 (-1.40%) |
| Nifty 50 | 23,989.15 | +0.57% |
GIFT NIFTY is currently trading 18.50 points above its opening level and 56.50 points below its intraday high of 24,081.50. The contract has maintained a positive bias through the first 75 minutes of trade despite the narrow opening gap and conflicting regional cues.