GIFT NIFTY reopened for Session II at 24,061.5 at 16:35 IST on Tuesday, marking a modest gap of 40 points or 0.17% above Session I's closing level of 24,021.5. The index added further ground in the opening minutes, touching 24,083.0 before settling around 24,072.0 by the close of the first five-minute candle.
The positive gap came as GIFT NIFTY tracked firmer cues from European markets, which had been trading for over three hours by the time Session II commenced. The opening move lifted GIFT NIFTY marginally above its previous day close of 24,042.0, though the index remained well off the day's high of 24,214.5 registered during Session I earlier in the morning.
European Markets Trade Mixed to Positive
European indices displayed cautious optimism in mid-session trade, providing the primary directional cue for GIFT NIFTY's Session II opening. The DAX 40 advanced 32.78 points or 0.13% to trade at 25,147.03, while the CAC 40 Index edged up 2.20 points or 0.03% to 8,366.85. Both German and French benchmarks held modest gains as Session II got underway.
The Euro Stoxx 50, Europe's blue-chip Eurozone index, inched higher by 0.2% to 6,283 according to mid-session data, reflecting a mildly positive tone across continental markets. The FTSE 100 in London also edged up, trading at 3,601,316.31 in dollar terms, though percentage changes remained limited.
European equity trading remained steady with no major macro catalysts driving sharp moves during the afternoon session. The modest gains across DAX, CAC 40, and Euro Stoxx 50 suggested investors were holding a wait-and-see stance ahead of any fresh economic data or central bank commentary.
GIFT NIFTY Session II Snapshot
| Metric | Level |
|---|---|
| Session I Close | 24,021.5 |
| Session II Open | 24,061.5 |
| Session Gap | +40.0 (+0.17%) |
| Current LTP | 24,046.0 |
| Change vs Previous Day | +4.0 (+0.02%) |
| Day High | 24,214.5 |
| Day Low | 23,978.5 |
European Indices Mid-Session
| Index | Level | Change |
|---|---|---|
| DAX 40 | 25,147.03 | +32.78 (+0.13%) |
| CAC 40 | 8,366.85 | +2.20 (+0.03%) |
| Euro Stoxx 50 | ~6,283 | +0.2% |
Session II Outlook
As of 19:09 IST, GIFT NIFTY was trading at 24,046.0, slightly below the Session II opening level but still marginally positive for the day. Session II runs until 02:45 AM IST, and further direction will hinge on how European markets close around 21:30-22:00 IST and any overnight developments in global markets. The day's trading range of 236 points between 23,978.5 and 24,214.5 suggests moderate volatility, with Session II so far holding above the 24,000 mark.